A former cashier officer with Fidelity Bank, Ado branch of Ado Ekiti, Michael Adedayo Ihinolurinjon, has been sentenced him to ten years in prison.
Ihinolurinjon was sentenced by Justice Abiodun Adesodun of Ekiti State High Court for stealing money from the bank’s vault and diverting customers’ deposits to personal use.
Ihinolurinjon was on Thursday, August 15, 2019, found guilty of a two-count charge of stealing in a criminal case filed against him by the Economic and Financial Crimes Commission, EFCC, Ibadan zonal office.
Meanwhile, the bank had written a petition to the EFCC alleging that while still a staff, Ihinolurinjon stole a sum of N8,891,000.00 (Eight Million, Eight Hundred and Ninety-One Thousand Naira) from its vault, and also failed to remit a total of N7,251,600 (Seven Million, Two Hundred and Fifty-One, Six Hundred Naira) he collected from customers to the bank’s account.
Concerning normal official task, the bank also accused Ihinolurinjon of absconding from duty ‘upon sighting one of the customers whose cash he had fraudulently diverted’.
Finally, after listening to arguments on both sides, Justice Adesodun found the defendant guilty as charged, and sentenced him to five years imprisonment which would run concurrently.
He was also ordered to pay a sum of Seven Million Naira as restitution to Fidelity Bank Plc, the petitioner in the case.