In Kano Court jails banker for 195 years over N21m fraud

The convict was said to have siphoned the money by forging signatures of the other signatories to the funds.

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A Kano high court has sentenced a micro-finance bank manager, Aliyu Suleiman, to 195 years imprisonment for stealing N21 million.

Justice Dije Abdu Aboki, who delivered the judgement on Friday, November 4, also ordered the convict to refund N14,815,000 to Albasu community, owners of the micro-finance bank.

The Economic and Financial Crimes Commission (EFCC) arraigned Suleiman on September 30, 2014, on 105-count charges.

He pleaded not guilty to all the counts.

The judge sentenced him to serve two years on each of counts 1 to 44 and fined him N300,000 for each.

She ruled that where the convict defaults, he will serve additional six months imprisonment on each count.

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From counts 45 to 74, the convict was fined N500,000 or 12 months imprisonment on each count while on counts 75 to 105, he is to pay a fine of N200,000 or 12 months imprisonment on each count with the exception of count 97 which appeared to be duplication.

The sentences will run concurrently, meaning he will serve a maximum of two years.

Suleiman had worked with Oceanic Bank before he was engaged by the community to take charge of their micro-finance Bank.

 

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