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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


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