Former banker, Nsa Ayi jailed 7 years for N700m fraud
Nsa Ayi, a former relationship officer, Coronation Merchant Bank, has been sentenced to seven years imprisonment for diverting clients N700 million meant for Federal Government bonds, treasury bills and fixed deposits. He was sentenced today by Justice Mojisola Dada of the Lagos State High Court, Ikeja, Lagos. The convict, who was arraigned by the Economic and Financial Crimes Commission on February 26, 2018, on an 11-count charge, was accused of altering instructions and falsifying signatures of customers to transfer money into various accounts outside the bank. The money was allegedly transferred in tranches into his Guaranty Trust Bank account No. 0001600855 as well as his Zenith Bank account No. 1002771899. Delivering her judgment today, the judge sentenced him to seven years imprisonment on each count of the charge. The sentences are to run concurrently from the day of arrest. The Judge further held that all properties traced to the defendant b...