Heritage Bank Fraud Amounting to N21.8 Million 

Omosanyin Eniola, a 40-year-old account officer with Heritage Bank Plc, will serve the next seven years in prison after being found guilty of an N21.8 million bank fraud case by an appropriately constituted court.

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According to TheCaveat.info, Omosanyin was sentenced to seven years in prison last Friday after Chief Magistrate Linda Yetunde Balogun of a Lagos Chief Magistrate’s Court, Yaba, found him guilty of two out of seven counts of conspiracy fraud and stealing of checks brought against him by the Police Special Fraud Unit (PSFU) Ikoyi, Lagos.

Convicting and sentencing the banker, Chief Magistrate Balogun held that the prosecution has successfully proved the charges of conspiracy and N21.8 million fraud against the banker beyond every reasonable doubt.

Chief Magistrate Balogun however freed the banker of four counts charge of forging Spring Bank cheques, which he used in perpetrating the criminal acts.

In her final judgment, Chief Magistrate Balogun sentenced the banker to a year imprisonment on count one without an option of fine, and seven years on count two, but with an option of paying the sum of N21.8 million, as restitution to the fraud victim.

The PSFU through its prosecutor, Daniel Apochi, had dragged the convict before the court on a seven-count charge of conspiracy, fraud, and forging of Spring Bank’s cheques.

The prosecutor had told the court that the convict committed the offenses between 2011 and 2014 while working at the Heritage Bank’s headquarters, Lagos, as an Account Officer.

During the trial, the prosecutor called three witnesses, who included the Investigation Police Officer (IPO) Mr. Jim Omoruyi, the fraud victim, one Adeleke, and an official of the bank.

The prosecutor also tendered several exhibits which include; a copy of the petition by Heritage Bank to the police, the convict’s confessional statement, the victim’s statement of account, some of the Spring Bank’s cheques used in withdrawing the money, and other, which were admitted by the court.

The two counts on which the banker was jailed read: “That you, OMOSANYIN ENIOLA ‘M’ while working with Heritage Bank Ltd; with Headquarters in Lagos and charged with the responsibility as an Account Officer, between 2011 and 2014, with intent to defraud, conspired amongst with other persons, now at large, to commit a felony to wit; stealing and forgery; and thereby committed an offense punishable under Section 409 of the Criminal Law of Lagos State of Nigeria, 2011.

“That you, OMOSANYIN ENIOLA ‘M’ while working with Heritage Bank Ltd; with Headquarters in Lagos and charged with the responsibility of an Account Officer, between 2011 and 2014, with intent to defraud, fraudulently withdrew the sum of N21, 800, 000.00 (Twenty-One Million, Eight Hundred Thousand Naira) from Heritage Bank Ltd. and converted the money to your “own use; and thereby committed an offence contrary to Section 278 (1) (b) of the Criminal Law of Lagos State of Nigeria, 2011 and punishable under Section 285 (7) the same law.”

Source: The Caveat