Incredible! Former FCMB Branch Manager Receives 121-Year Prison Sentence For Embezzling N112m from Customer

ONITSHA, ANAMBRA STATE, NIGERIA – Justice S. Odili, presiding at the Anambra State High Court in Onitsha, has handed down a landmark verdict, sentencing Mr. Nwachukwu Placidus, a former Bank Manager at First City Monument Bank (FCMB) in Onitsha, Anambra State, to 121 years in prison.

Placidus was found guilty of embezzling a staggering sum of N112 million from a customer’s fixed deposit account.

The honorable Justices’ decision marks the culmination of legal proceedings, resulting in the conviction and sentencing of the former FCMB Branch Manager.

Placidus now faces a total of 121 years in prison for his egregious misconduct, involving the misappropriation of N112,100,000 in fixed deposit funds meant for a customer’s use but diverted for personal gain.

This severe sentence underscores the breach of trust committed by the ex-manager, reflecting the gravity of his actions and serving as a stark reminder of the consequences of financial malpractice.