A former banker identified as Ebenezer Alonge, his wife, Olamide Oyinlola, and his mother-in-law, Isakunle Eunice, have been convicted and sentenced to a cumulative 60-year jail term by the Ekiti State High Court, Ado Ekiti.

Justice Adekanye Ogunmoye convicted the trio on 12 counts of conspiracy and bank fraud brought against them by the Economic and Financial Crimes Commission (EFCC), Ibadan Zone.

This was contained in a statement by the EFCC Head of Media and Publicity, Wilson Uwujaren, on Friday, where it was revealed that the trio conspired to steal depositors’ fund to the tune of N21m.

“It was alleged that sometime in February 2018, the bank received a complaint concerning the financial impropriety of the sum of N62,400.00 in respect of a customer’s account,” the statement revealed.

It continued, “According to the petitioner, on February 15, 2017, a customer lodged the said sum into her account but the transaction could not be traced in the customer’s account, even after the customer presented a copy of the slip signed by Alonge.

“In the course of the investigation, the said transaction was allegedly traced to Ebenezer Alonge’s wife’s account.

“Further investigation, however, revealed that there was a turnover of over N21,000,000.00 (Twenty-One Million Naira) as a deposit from other customers in his wife’s account.”

“Also, it was alleged that other sums were traced to his mother-in-law’s account, who was also a beneficiary of the fraudulent act.”

During the judgment, the convicts were found guilty on all 12 counts and sentenced to five years on each count.

The cumulative 60-year prison terms will, however, run concurrently.