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.