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| Samuel Ihechukwu Asiegbu |
A former banker, Samuel Ihechukwu Asiegbu, has been sentenced to three years’ imprisonment without an option of fine for his role in an ₦8.56 billion fraud involving one of Nigeria’s first-generation banks.
Justice
Rahman Oshodi of the Special Offences Court, sitting in Ikeja, Lagos, delivered
the judgment on Wednesday, November 5, 2025.
Asiegbu
was prosecuted on a four-count charge bordering on conspiracy, stealing, and
unauthorized access to a computer system with intent to commit fraud, in
violation of Sections 409 and 386 of the Criminal Law of Lagos State, 2011.
He
was initially arraigned alongside several other defendants on June 23, 2025,
and all pleaded not guilty. However, Asiegbu later changed his plea to guilty,
leading to his conviction and sentencing.
Justice
Oshodi sentenced the ex-banker to 10 months and 8 days’ imprisonment on count
three and 1 year and 8 months on count four, both without an option of fine.
The sentences are to run concurrently, bringing his total jail term to three
years.
The
court also struck out counts one and two following his conviction on the
remaining charges.
The
trial of the other defendants continues, with the case adjourned to November
14, 2025, for further proceedings.
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