EX-BANKER BAGS 12 YEARS IN JAIL FOR N6B SCAM



Justice Joyce Abudmalik of the Federal High Court, sitting in Ibadan Oyo State, has convicted Ademola Oni, a former banker with the Wema Bank, and sentenced him to 12 years imprisonment for conspiracy and money laundering.


The court also rules that he forfeits all his properties and cash in various banks as proceeds of the crime. Ademola when he was arraigned by the EFCC for conspiring to steal and conceal mutilated and defaced local currency amounting to N8bn from CBN.

He, however, entered into a plea bargain and pleaded guilty to 5 of the 24 amended count charges brought against him. Justice Abudmalik convicted him and sentenced him to two and half years on each of the five counts accordingly. The sentences are to run concurrently.

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