CAC Pastor Who Found N1Million In Wema Bank Account Jailed For Spending Money He Didn’t Own

cac pastor jailed spending wema bank money

Christ Apostolic Church Pastor Who Miraculously Found N1Million In His Wema Bank Account Jailed For Spending Money He Didn’t Own

An Igbosere Chief Magistrates’ Court  today  sentenced a pastor, Abel Adewale Olukayode, to 54 months imprisonment for stealing N984,450 from Wema Bank Plc.

Chief Magistrate A. T. Omoyele convicted Olukayode, 58, on a three-count charge of stealing.

The magistrate found that he transferred the cash in tranches of N22,550, N701,900 and N260,000 through the Bank’s mobile application to his First Bank and Guaranty Trust Bank (GTB) accounts.

She sentenced him to six months imprisonment on count one and two years each on counts two and three, without an option of fine.

All sentences will run concurrently, meaning Olukayode, who claimed to be a clergyman with the Christ Apostolic Church, will spend only years in jail.

At the trial, prosecuting Sergeant Cyriacus Osuji said the convict, of 26, Sadiku Ayinla Street, Odo-Kekere in Ikorodu, committed the offence between March 5 and March 6, 2012, with his mobile phone.

He said:

“The defendant, with the aid of his mobile phone with sim number 08034456771, stole N22,550 through his Wema account, property of WEMA Bank Plc.

“At the same time and place with the aid of his mobile banking application, he transferred N701,900 from WEMA Bank to his GTB Bank account and N260,000 to his First Bank account”.

Olukayode pleaded not guilty.

pastor Abel Adewale Olukayode

A witness from WEMA Bank testified that between March 4 and 6, 2012, the bank’s system malfunctioned and the convict, who had only N300 in a joint account he operated with his wife, took advantage of the situation to steal.

He said immediately Olukayode noticed the malfunction, he started buying airtime which accumulated to N22,550 and thereafter transferred the other amounts to his GTB and First Bank accounts.

The court heard that Olukayode wasn’t the only one that took advantage of the situation. But he was said to be among those who when he was approached, refused to return the money when they were approached.

When others, who took advantage of the situation were approached, they admitted their offence and started repaying the money, the witness said.

But Olukayode told the bank that he had been asking God to provide for him to enable him build his own church and the money was the answer to his prayers.

4 thoughts on “CAC Pastor Who Found N1Million In Wema Bank Account Jailed For Spending Money He Didn’t Own

  1. Who malfunctioned the Bank’s system? And the good pastor believed his prayers minted the money and dropped in his Bank Account? If it was not so tragic, it would have been hilarious.
    May God help our country’s economy attain a turnaround for the better so people may reason aright again. Really really funny story!

  2. This guy is not a Pastor, that I know. Whenever some criminals commit offence, they will quickly change their status to Pastor and touch not the anointed is another rhetoric that follows that. I don’t understand our thinking at times. So, you think if you can present yourself as a Pastor the Judge will let you go and enjoy the money you did not work for. You are looking at 5 good years behind prison bar. Good judgement!

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