A Federal High Court in Lagos yesterday sentenced a former acting Managing Director of Century Microfinance Bank Limited, Olise Robinson, to 19 years imprisonment for stealing N29 million from the bank.

Justice Okon Abang convicted Robinson of five counts of stealing, signature forgery, uttering of documents and criminal breach of trust.

According to the Police Special Fraud Unit (SFU), Alagbon-Ikoyi, Lagos, Robinson committed the offences while acting as the bank’s head between June 2008 and November 2009.

Prosecution counsel Chukwu Agwu said the offences contravened Sections 390(6), 463 and 468 of the Criminal Code 2008 and were punishable under Section 467 of the same Act.

Robinson pleaded not guilty.
During the trial, Agwu called four witnesses and tendered several exhibits.
The defendant testified for himself.


Convicting Robinson yesterday, Justice Abang noted that the defendant failed to give evidence that he didn’t receive the amount and provided no evidence to show that he invested the money in Central Bank of Nigeria (CBN) Treasure Bills.

He said: “The prosecution has been able to sufficiently prove the essential ingredients of the allegations against the defendant.
“Consequently, I find the defendant guilty of all the counts of the charge”.
The convict’s counsel, Mr Oyelola Damilola, offered an allocutus on his client’s behalf, asking the court to tamper justice with mercy.

“He is the only breadwinner of his young family. He is also a first time offender, with no previous criminal record. He has also been remorseful about his action,” Damilola told the judge.

But Agwu opposed him.
The prosecutor told the judge to disregard Damilola’s plea because “the convict never showed any sign of remorse while the trial lasted.”

Agwu argued that “in sentencing the convict, the court must look at principles of sentencing whether it is a mitigating or aggravating factor.”

He said the convict’s case “is constipated with aggravating factors,” which prevented Robinson from being entitled “to leniency or liberal conditions.”
Following the submissions, Justice Abang discountenanced the defendant’s allocutus.

The judge held: “This is a case that the convict is a hardened criminal that has no human sympathy. He was entrusted with investors’ monies. He inflicted pains on the investors who lodged their monies in his bank while he fraudulently moved the money to his account in Guaranty Trust Bank (GTB).

“He is an avenger of evil; he is a fraudulent and lawless person. He planted thorns; he is not expected to gather flowers. Drastic situations deserve drastic solutions.
“The convict is hereby sentenced to seven years in count one, three years in count two, three years in count three, three years in count four and three years in count five.

“The terms of the sentence are to run concurrently”.
In the charge, Robinson was said to have converted the sum of N5 million which the bank reserved to buy CBN’s Treasury Bills.

He was also said to have fraudulently withdrawn N100,000, for 15 months, which he claimed was security vote without any approval and which he was unable to account for.

He was also accused of fraudulently diverting N9 million belonging to different investors of the bank to his private account with GTB and forging several documents to cover his tracks.
Source: http://www.nairafame.com/2018/12/ex-bank-md-bags-19-years-for-n29m-fraud.html?m=1

Nice one, Enjoy your year serving the lord. When you are back am sure your life will never remain the same.

Good

good one

The judge held: “This is a case that the convict is a hardened criminal that has no human sympathy. He was entrusted with investors’ monies. He inflicted pains on the investors who lodged their monies in his bank while he fraudulently moved the money to his account in Guaranty Trust Bank (GTB).


Confirm criminal.
We will be so happy to hear about all these corrupt politicians sentenced to death for the billions they stole.
Just as China is doing to all corrupt politicians in their country.

Keep up the good work

I reserve my comment!!

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This one na thief

He was also accused of fraudulently diverting N9 million belonging to different investors of the bank to his private account with GTB and forging several documents to cover his tracks...

He deserves his jail time.
Fraud doesn't pay.

robinson...... more of robinhood the thief......nice judgement.

G

19? Quite long.

Crime don't pay few years of enjoyment till karma comes bitting.

Nigeria is a joke walahi, that is why it is easy to commit crime and get away with it.

How can an almost ten year old case like this still be in court, this nigga that should be doing time is walking free, it's obvious he will still appeal, which would still give him additional 3 years of being free, who knows he might jump bail and abscond outside Nigeria and the case would just die a natural death.

Cases of corruption that exceeds two years of exhausting all legal options and handing sentence to the accused is just joke, no wonder governors like Achike Udenwa, Orji Uzor Kalu and the rest who handed over power in 2007 are still in court for corruption cases that happened under their stewardship

Ok....

Okon Abang... Taker of.no bullshit, A judge who fears no one and is quick to justice. I love this guy!.

good for him

lobinche101:
Nice one, Enjoy your year serving the lord. When you are back am sure your life will never remain the same.

Who told you that? While in jail he gonna have phone � good food � get everything he want even night � outing remember this is Nigerian

Boo br

The judge held: “This is a case that the convict is a hardened criminal that has no human sympathy. He was entrusted with investors’ monies. He inflicted pains on the investors who lodged their monies in his bank while he fraudulently moved the money to his account in Guaranty Trust Bank (GTB). “He is an avenger of evil; he is a fraudulent and lawless person. He planted thorns; he is not expected to gather flowers. Drastic situations deserve drastic solutions. “The convict is hereby sentenced to seven years in count one, three years in count two, three years in count three, three years in count four and three years in count five.......hmm

Now, he is going to waste 19 years of his life for just 29m. Money that can't even build him a proper duplex in Lagos.

We will not take this!! We will apply for remarking!!

If our judiciary is working and fair, by this, politicians should bag/ container @ least 30yrs.

Free this man I beg, Atiku stole 50billion and today igbo are atikulating him, pls release him .

Politicians are free to loot billions but the common man gets 5years for stealing a cup of garri. Nigeria the giant of Africa I'm proud of my country

All these bank MDs are something else

H

Micro finance bank MD thief this amount under 1 year? (2008-2009) Buhari sef.

What about those looting our future? . . . Everything in this country is a joke. . . There are laws for the rich and poor.