Court jails three fraudsters for stealing N480,000

Justice Oluwatoyin Ipaye of a Lagos High Court
sitting in Ikeja, has convicted and sentenced the
trio of James Ettete, Ekene Jude and Abidemi
Adesanya to two and half years imprisonment
each, for stealing the sum of N480,000 (Four
Hundred and Eighty Thousand Naira only)
belonging to Skye Bank Plc.
They were arraigned in May 2014, on a six- count
charge, bordering on conspiracy to commit felony,
forgery and use of false document.

Justice Ipaye found them guilty on all the counts
and convicted them accordingly.
The sentence is to run from the day of
arraignment.
Trouble came for the convicts, when the
management of Skye Bank petitioned the Economic
and Financial Crimes Commission, EFCC, over their
fraudulent activities.
They were operating as a syndicate of fraudsters,
who specialized in stealing bankers’ identity, to
enable them effect fraudulent wire transfers from
unsuspecting and well-funded customers’ account.
They contacted some staff of the bank to join the
syndicate.
However, the staff members informed the bank and
were asked to play along.