- A magistrate court in Lagos has issued a sentence of 54 months in jail to one Abel Olukayode for stealing the sum of N984,450
- The court established that Olukayode, who is also a 58-year-old self-acclaimed pastor, stole the money from a bank in 2012, at a time when the financial institution had some technical issues with its ATM
- The prosecutor, Sergeant Cyriacus Osuji, told the court that the convict carried out the theft through mobile banking app on his phone
A 58-year-old self-acclaimed pastor, Abel Olukayode, is to spend four and half years in jail for stealing N984,450 from a new generation bank. The convict stood trial on a three-count charge bordering on stealing.
An Igbosere magistrate, A. T. Omoyele, sentenced Olukayode without an option of fine after finding him guilty of the offences.
Delivering her judgment, Omoyele said the convict was guilty as charged, and accordingly sentenced him to six months imprisonment on the first count and two years each for the count two and three. She, however, said that the jail term would run concurrently.
The News Agency of Nigeria (NAN) reports that the convict, a resident of No. 26, Sadiku Ayinla St., Odo-kekere in Ikorodu was arraigned in November, 2012.
Olukayode who was 52 years old when he was arraigned, had pleaded not guilty to the charges and was granted bail.
The prosecutor, Sergeant Cyriacus Osuji, had told the court that Olukayode committed the offences in March 2012, through mobile banking App on his phone.
He said: “Olukayode with the aid of his mobile phone with sim no. 08034456771, stole the sum of N22,550, through his Wema Bank account, property of Wema Bank plc.
“The convict at the same time and place with the aid of his mobile banking transferred the sum of N701,900, from Wema Bank to his GTBank account.
“Olukayode also transferred another amount, N260,000 to his First Bank account, property of Wema Bank plc.”
The prosecutor was able to establish to the court that within the same month in 2012 the bank system malfunctioned.
He said the convict who had only N300 in his account at that time, took advantage of the situation to steal the said amount. The offences contravened section 285 of the criminal law of Lagos state of 2011.
Magistrate M. I. Salami gave the order after Olatola pleaded guilty to breaking into the premises of the Mountain of Fire Church in Lagos and stealing 24 chairs valued at N50,000.
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