Former Banker Jailed 5-Years (6-Months Jail Time) For N10 Million Fraud (PICTURED)

Former Banker Jailed 5-Years (6-Months Jail Time) For N10 Million Fraud (PICTURED)

By Wires | The Trent on April 1, 2014
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by Wilson Uwujaren | EFCC Press Release

Justice Dije Abdu Aboki of Kano State High Court on Monday March 31, 2014 convicted and sentenced former staff Mainstreet Bank, Hadiza Mustafa to five years imprisonment. The convict who was arraigned by the Economic and Financial Crimes Commission, EFCC alongside Mahmud Sule on a 10-count charge that borders on forgery and theft of depositor’s fund, was convicted on 9 of the counts. Justice Aboki sentenced her to 12 months imprisonment on count 2 and six months imprisonment on counts 3 to 10. The convict is equally to a pay a fine of N120,000. The sentences are to run concurrently.

Hadiza Mustafa (Photo: EFCC)
Hadiza Mustafa (Photo: EFCC)

The trial judge further ordered that the convict should pay the sum of N13,000,000 (Thirteen Million Naira) in restitution to the bank.

The first count of conspiracy under which the second accused was charged, was dismissed for lack of evidence. Consequently, the accused was discharged and acquitted.

One of the charges against the convict read, “that you Hadiza Mustapha and Mahmud Salihi being bankers and staff of former Afri Bank (now Mainstreet Bank Plc) sometime between the Months of March and June 2011, in Kano within the judicial division of the High Court of Justice Kano State illegally diverted and dishonestly misappropriated the sum N10m (Ten Million Naira Only) being part of N100m (One Hundred Million Naira Only)  meant for  fixed deposit belonging to one Alhaji Munnir Adamu which he gave you for safe  keeping and you thereby committed an offence punishable under Section 315 of the Penal Code Law”.

Wilson Uwujaren
Head, Media & Publicity
1st April, 2014

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