Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.

 

Man sentenced to 195 years in jail for theft

03 November 2016, 21:26

Abuja - The Kano State High Court has convicted and sentenced a man to a combines 195 years in prison for defrauding a microfinance bank.

Aliyu Suleiman was sentenced when he appeared before Justice Dije Abdu Aboki.

The convict was arraigned in September for allegedly stealing over N21 million from Albasu Microfinance Bank.

Aboki sentenced the convict to serve two years on each of count 1 to 44 of N300 000 each.

From count 45 to 74, the convict was sentenced to fine of N500 000 or 12 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.

Also read: Saraki demands probe into theft of material for refugees

Where the convict defaults the fine, he is to serve additional six months imprisonment on each count.

The convict was also ordered to restitute the sum of N14, 815 million to the Albasu Community or spend five more years in prison.

The sentences are to run concurrently.

The convict was a former staff of Oceanic Bank who was engaged and entrusted by the Albasu Community to take charge of their Microfinance Bank.

While in charge, the convict violated that trust and siphoned over N21 million by forging signatures of the other signatories to the funds. 

 

 

- CAJ News

NEXT ON NEWS24 NIGERIAX

Panic as money doubling scheme crashes

03 December 2016, 13:34
&nbps;

Read more from our Users

Submitted by
Isaac Asabor263
Separating kitchen politics from ...

Like everyone else, I believe that the most popular definition of democracy is “government of the people, by the people and for the people”. Read more...

Submitted by
Bethel Tanifo
Ministry of Niger Delta Affairs, ...

Like NDDC Unlike MONDA. This notion is an intuition that does not portend political participation, affiliation, intrusion or aggression but a submission with the intention of completion of the previous administration's noble vision. Read more...

Submitted by
Bethel Tanifo
Nigerian Constitution versus Corr...

The problems of Nigeria is not in its conventional composition, formation, functionality, constitution or treaty, while the solutions are not disintegrations as promulgated by some faiths fanatics and bigotries.  Read more...

Submitted by
Abdulsalam Jubril
Much Ado about Trump’s Presidency

It was unbelievable when the social and mainstream media all over the world began airing the breaking news of Donald Trump’s victory in the most contentious US Presidential elections in recent years. Read more...

Submitted by
Mike Daemon
Nigerian author highlights gay ch...

A new novel by a prolific young Nigerian author features gay characters, which could help increase the visibility of the gay community and possibly lead to greater understanding of LGBT Nigerians. Read more...

Submitted by
Isaac Asabor263
Your Excellency, I will call you ...

Your Excellency, Governor Adams Oshiomhole, as a leader that pays attention to details, I understand that the odd title of this piece would definitely arouse your curiosity.  Read more...