A bank manager in Bauchi State has been convicted and imprisoned for misappropriation and forgery.
RECOMMENDED ARTICLES
- Kidnappers Seize Two Persons Bringing Ransom For Abducted APC Chairman, Demand Fresh N30million
- Gunmen Abduct Kogi State Monarch From Palace, Police Launch Manhunt
- Bill To Make Voting Compulsory For Nigerians Passes Second Reading In Reps
- Inflation rate drops to 23.71%
- Delta Nursing School Fails Student Queried Over Remi Tinubu’s ‘Na Your Mama Be This’ Viral Video
Sarita Aliyu was managing director of Workman Microfinance Bank when she misappropriated N4.8 million through fraudulent means to her employer’s loss.
The convict fraudulently used the password belonging to the head of the bank’s Credit Unit to create fictitious names and generate fraudulent loan requests.
She then approved the loans and paid N4,786,700 to herself, according to investigations by the Economic and Financial Crimes Commission (EFCC).
The anti-graft agency told the Bauchi State High Court that Aliyu’s acts violated Sections 308 and 363, and punishable under Sections 309 and 364 of the Penal Code Law.
She pleaded guilty to the charges when confronted with evidence, and Justice M.M. Abubakar promptly sentenced her to five years behind bars.
The convict was also ordered to repay the bank N3.8 million.
Leave a Reply