Nigeria, Nov. 6 -- The Lagos State Special Offences Court in Ikeja has sentenced a banker, Samuel Asiegbu, to one year's imprisonment without an option of fine for his role in an alleged N8.56 billion fraud.

In a statement released on Wednesday, the Economic and Financial Crimes Commission (EFCC), the prosecuting agency, revealed that the fraud took place at a first-generation bank, whose name was not disclosed.

The judge Rahman Oshodi delivered the judgement on Wednesday after Mr Asiegbu changed his plea from not guilty to guilty.

Mr Asiegbu was arraigned alongside other defendants on four counts of conspiracy, stealing, and unauthorised access to a computer system with intent to commit fraud, contrary to Sections 409 and 386 of the C...