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5 Nov 2016

Fraud: Court sentences ex-bank manager to 195 years imprisonment

Tunde Ajaja

A high court in Kano State on Friday sentenced a micro-finance bank manager, Aliyu Suleiman, to 195 years in prison for stealing N21m.

In her judgment, the presiding judge, Dije Abdu Aboki also ordered Suleiman to refund N14,815,000 to the owners of the bank, Albasu community, or spend five more years in prison.

Cable reports that the Economic and Financial Crimes Commission had arraigned Suleiman on September 30, 2014  but that he pleaded guilty to the 105 charges preferred against him.

Meanwhile, the judge ordered that Suleiman should serve two years on each of counts 1 to 44, while he was also fined N300,000 for each, making N13.2m.

She also ruled that the convict would serve additional six months in prison where he defaults on any of the counts.

The report added, “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.”

The report says Suleiman was in the employ of a commercial bank, now defunct, before he was employed by the community to head the bank.

“He siphoned over N21 million by forging signatures of the other signatories to the funds,” the report added.

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