Bankers get 91 years in jail over N114.6m fraud

Justice Ibrahim Mairiga of the Kebbi State High Court has convicted Suleiman Ibrahim Musa, Bilyaminu Usman and Lawal Suleiman on a 16-count charge bordering on conspiracy, forgery, theft and criminal breach of trust brought against them by the Economic and Financial Crimes Commission, and sentenced them to 91 years in prison.
The convicts, who are former members of staff of FinBank Plc (acquired by First City Monument Bank Plc in 2011), Birnin-Kebbi branch in Kebbi State, were first arraigned on July 21, 2010, and had pleaded not guilty to the charges.
Mr. Musa, who was then the head of operations, defrauded the bank of N101, 707,000.
Messrs Usman and Suleiman, both tellers, connived to defraud the bank of N6, 627,500 and N6, 267,500 respectively.
The crimes were committed between 2008 and 2010. They had at different times debited the bank’s customers by carrying out unauthorized withdrawals.
They were arrested by EFCC operatives following a petition by the bank’s management, after several customers lodged complaints alleging fraudulent deductions from their bank accounts.
They backed up their claims with various documentary evidences – stamped deposits and investment certificates.
Source:PT Ng

Comments

State House of Assembly collected bribes from commissioner nominees

An N2.4 million bribery scam is rocking the Delta State House of Assembly. SaharaReporters learned that the Speaker, Monday Igbuya, and other members of the State House of Assembly allegedly collected N200,000 bribes from the twelve commissioner nominees forwarded by Governor Ifeanyi Okowa for “screening.” Confiding in a SaharaReporters correspondent, a senior management staff person of the State’s House of Assembly who did not want to be named disclosed that one of the commissioner nominees told him in confidence how the twelve nominees’ arms were twisted to pay N200,000 each. The ultimatum was that without the N200,000 none of them would be cleared by the lawmakers. However, the source said, “If you were around during their screening on the floor of the House, you would have noticed that all the nominees were only told to take a bow” and to go. An aide to one of the commissioners who pleaded anonymity confided in SaharaReporters that the money was definitively give...

EFCC Arrested NAFDAC DG

Two weeks after whistleblowers at the National Agency for Food and Drug Administration and Control (NAFDAC) wrote a powerful petition to President Muhammadu Buhari alleging monumental fraud and waste of funds by its Director-General, Dr. Paul B. Orhii, the Economic and Financial Crimes Commission (EFCC) on Monday swung into action. Dr. Orhii was grilled for several hours on issues relating to fraud and misappropriation of funds worth billions of naira, a source told SaharaReporters. The petitioners had accused the Director-General of awarding frivolous contracts and supplies; manipulating NAFDAC publicity and donations; international air travel racketeering; and compulsory recertification by bottle and sachet water producers. The complaint listed 14 companies that are being used in the money games at NAFDAC. An EFCC source said Orhii was granted “administrative bail”...

BUHARI: TURNING APPOINTMENTS INTO DISAPPOINTMENTS

By Jaafar Jaafar Ponder over this Hausa proverb: “sawun keke ba’a gane gabanka”, which roughly translates to “a bicycle’s contact patch does not tell where it comes from or where it heads to”, and see how it aptly describes Nigeria’s president, Muhammadu Buhari. Bearing in mind the current realities in our polity, how would you, in your wildest dream, think the Secretary to the Government of the Federation will come from the North? The very North that has a President, a Senate President, a Speaker, a Head of Service, a Chief of Staff, a Chief Justice, and what not? While Mr. President is likened to the proverbial “sawun keke”, the pigmentation of his appointments may be likened to “birgimar hankaka”, literally meaning the wallow of a pied crow. When a pied crow wallows, the Hausa say, you will see both the white patch on its gullet and the black plumage that covers most of the bird’s body. In the appointment of the GMD of NNPC, President Buhari showed Nigeria...

Extra Reporters

Search This Blog