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Man Sentenced To Prison For N8.56 Billion Wema Bank fraud
Justice Rahman Oshodi of the Special Offences Court, Ikeja, Lagos, on Wednesday sentenced one Samuel Asiegbu to three years’ imprisonment without an option of fine for his involvement in an N8.56 billion cyber fraud committed against Wema Bank Nigeria Plc.
Asiegbu was charged alongside Hamza Zakaria, Nurudeen Ibrahim, and Alhaji Sulaiman (who remains at large) on a four-count charge bordering on conspiracy, stealing, and unauthorised access to a computer system, brought against them by the Economic and Financial Crimes Commission, EFCC.
The defendants were first arraigned on June 23, 2025, and all pleaded not guilty at the time.
However, Asiegbu later changed his plea to guilty, prompting the court to proceed with his conviction while the trial continues for the remaining co-defendants.
According to the EFCC, Asiegbu and his accomplices conspired in January 2025 to gain unauthorised access to Wema Bank’s computer systems and servers, through which they facilitated the theft of N8,568,090,500 from customer accounts domiciled in the bank.
The prosecution explained that the offences violated Sections 409 and 386 of the Criminal Law of Lagos State, 2011, which criminalise conspiracy, theft, and cyber intrusion.
Delivering judgment, Justice Oshodi found Asiegbu guilty on counts three and four of the charge.
He was sentenced to 10 months and eight days in prison on count three, and one year and eight months on count four, both without the option of a fine.
The judge ordered that the sentences run concurrently, making his total term of imprisonment three years, and subsequently struck out counts one and two.
Following the ruling, Justice Oshodi adjourned further hearing on the trial of the remaining defendants; Hamza Zakaria, Nurudeen Ibrahim, and Alhaji Sulaiman (still at large), to November 14, 2025.
The Confederation of African Football (CAF) has announced Morocco as winners of the 2025 Africa Cup of Nations.
The CAF Appeal Board ruled in favour of Morocco, declaring that Senegal forfeited the AFCON final by walking off the field during the game.
Morocco were awarded a 3–0 walkover victory.
This decision upholds Morocco’s appeal following the chaotic events in the match.
DAILY POST recalls that the Senegal team briefly walked off the pitch in protest after a controversial penalty was awarded to Morocco late in regulation time.
They were called back to the field by their captain, Sadio Mané, and later won the game 1–0.
CAF determined that this action constituted a violation of Article 84, or the equivalent regulations concerning refusal to play or abandoning the field.
Under AFCON rules, a team that refuses to continue playing or leaves the field without authorization faces elimination and forfeiture of the match.
A total of three operatives of different security agencies in Anambra State collapsed during the inauguration of Anambra State Governor, Prof Chukwuma Soludo, on Tuesday.
The incident happened during the parade at the Dr Alex Ekwueme Square in Awka.
The three operatives are one male police operative, another male operative of the Directorate of State Services (DSS) and a female operative of the Nigeria Security and Civil Defence Corps, NSCDC.
The police operative collapsed first, followed by the NSCDC operative, who slumped towards the end of the event and was later escorted to an ambulance, after she refused to be moved in a stretcher.
A source said the police operative was later resuscitated, but was still not stable, and was taken in an ambulance to Chukwuemeka Odumegwu Ojukwu University Teaching Hospital, Amaku Awka.
The collapse of the service officers was attributed to fatigue and the long period of parade under harsh sunny weather.
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