News
Former Oceanic Bank Staff Sentenced To 195 Years In Jail For N21m Fraud (Photo)
Justice Dije Abdu Northerner of the Kano state High Court today convicted and sentenced former Oceanic bank staff, Aliyu Suleiman, to 195 years imprisonment for allegedly stealing over N21, 000,000 (Twenty one Million Naira only) from Albasu Microfinance Bank.
As a former staff of Oceanic Bank, Aliyu was engaged and entrusted by the Albasu Community to take charge of their Microfinance Bank. While in charge, the he violated that trust and siphoned over N21, 000,000 (Twenty Million Naira) by forging signatures of the other signatories to the funds.
He was first arraigned in court on September 30th, 2014. He pleaded not guilty to all the count charge brought against him by the EFCC. Delivering judgement in the charges brought against him, the presiding judge, Justice Northerner sentenced the convict to serve two years on each of the first forty four counts he was charged with and a fine of N300, 000 on each.
Where the convict defaults the fine, he is to serve additional six months imprisonment on each count. From count 45 to 74, the convict was sentenced to fine of N500, 000 or twelve months imprisonment on each count while on count 75 to 105, he is to pay fine of N200, 000 or twelve months imprisonment on each count with the exception of count 97 which appeared to be duplication.
The sentences are to run concurrently. The convict was also ordered to restitute the sum of N14, 815,000 (Fourteen Million, Eight Hundred and Fifteen Thousand Naira Only) to the Albasu Community or spend five more years in prison.
Follow us on social media:
Skiibii’s ex-lover DJ Dorcas Fapson reacts after TikToker accused singer of engaging in money rituals
“Aborti0n seems better than bringing kids to the world to suffer, innocent children are suffering all around” – Actress, Etinosa Lament
“Why I Married Boko Haram Terrorist” – Freed Chibok Girl open up
I’m a Muslim and a Christian Guy Wants to Marry me, But There is a Problem
“Korra slept with a man when she was 5 months pregnant with our daughter, she sleeps around” – Korra Obidi’s estranged husband, Justin Dean cries out (Video)
Tolanibaj reacts to viral video of schoolgirl who names her as role model (Watch)
“Your presence is deeply missed” – Billionaire mogul E Money vows to raise Junior Pope children, pays tribute to late actor (Video)
“It’s confirmed Chief Priest is not small. Money na water” – Cubana Chief Priest boasts as he’s granted N10m bail
-
Celebrity Gossip & Gist1 day ago“He’s a sure giver” – Davido warms hearts as he gifts female fan N58m ($50k) to clear off her student loan
-
News1 day agoTunde Onakoya beats US national chess master as he attempts to break Guinness World Record
-
Celebrity Gossip & Gist1 day agoNigerians dig old video of Korra Obidi admitting to cheating on her ex-husband few hours after she denied allegations
-
Celebrity Gossip & Gist1 day agoPortable blows hot as Verydarkman urges him to check paternity of his kids