By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: 3 Bank Workers Jailed 91 Years Over N101m Fraud
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

3 Bank Workers Jailed 91 Years Over N101m Fraud

Farouk Mohammed
By Farouk Mohammed
Published: August 6, 2015
Share
2 Min Read
SHARE

hoodoo-court-case-testimonial

Three men, Suleiman Ibrahim Musa, Bilyaminu Usman and Lawal Suleiman have been convicted 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, EFCC 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.

Musa, who was then the head of operations, defrauded the bank of N101,707,000; Usman and Suleiman, both tellers connived to defraud the bank of N6, 627,500 and N6, 267,500 respectively.

- Advertisement -

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 had backed up their claims with various documentary evidences – stamped deposits and investment certificates.

After five years of trial, Justice Mairiga, having been convinced by the evidence brought before him by the prosecuting counsel, Aisha Habib, found them guilty of the charges.

- Advertisement -

“By considering the amount involved and weight of evidence presented before the court by the prosecution, which was never challenged by the defence, it shows that their wrongful act caused a great injury to the bank,” the judge said.

“I therefore, find the accused persons guilty as charged, and so convict and sentence them to 55 years, seven years and 29 years imprisonment respectively without an option of fine, with the jail term to serve concurrently”, the judge ruled.

The judge also ordered the convicts to return the stolen money to the bank.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:BankFraud
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article RVP
Next Article Gov. El-Rufai Orders Banks To Close Kaduna Govt. Accounts, Remit Balance To CBN

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Rate

Okay.ng Logo
Buy Rate ₦1,560.00
Sell Rate ₦1,570.00

Updated: 1 day ago

Displayed rates are for informational purposes only and are subject to change.

Quick Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Tinubu’s State Visit to Saint Lucia Marks Historic Diplomatic and Cultural Engagement, Presidency Clarifies
International News
President Bola Tinubu Suspends Implementation of Financial Reporting Council Amendment Act 2023
News
Aminu Dantata to be Buried in Madinah After Saudi Approval
News
VIDEO: NDLEA Issues Strong Advisory to Travellers Against Carrying Unknown Bags
Crime Video
SERAP Demands Transparency from Nigeria’s Governors on Security Vote Spending
News
- Advertisement -
Ad imageAd image

You May Also Like

NewsSecurity

Security Situation Improving, CDS Urges Continued Support from Nigerians

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
PoliticsTop stories

David Mark to Lead Anti-Tinubu Coalition Under African Democratic Congress Platform

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 29, 2025
InternationalNews

FG to Plant 20 Billion Trees Next Rainy Season in National Reforestation Drive, Says VP Shettima

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 28, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?