Thursday, February 15, 2018

Bank manager gets four years imprisonment for N20m fraud

Justice Ibrahim Buba of the Federal High Court, sitting in Asaba, Delta State, has been convicted and sentenced a former Relationship Manager with the United Bank for Africa, UBA, Victor Onodavwerho, to four years imprisonment.



The convict was arraigned on a four-count charge bordering on money laundering. Justice Buba found him guilty of all the charges and sentenced him to one-year imprisonment on each of the four counts. The sentence is to run concurrently.

Onodavwerho ran into troubles when he forged the letter-heads of Edo State Universal Basic Education Board and converted a sum of N20,000,000 belonging to the Board to build a hotel in his name.

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