EFCC Secures The Conviction of Micro-Finance Bank Manager and 3 Others For N29m Fraud

EFCC has secured the conviction of an individual identified as Sani Abubakar, and known to be the former manager of a Microfinance Bank in Arugungu, Kebbi State, for offences bordering on conspiracy, forgery, obtaining money under false pretence and issuance of dud cheque to the sum of N29 million.

According to reports, the convicts came together and forged contract documents and award letters from Arugungu Microfinance Bank and used the same to obtain 800 units of motorcycles from the petitioner and diverted the same for their personal use.

Justice Ibrahim Kangiwa, the Judge of the Kebbi State High Court convicted Abubakar alongside three others identified respectively as Abubakar Mohammed, Mainasara Kallamu and Abdulrazaq Abdullahi.

Meanwhile, the convicts were charged to court on April 12, 2017, and faced eight charges to which they pleaded not guilty to the charge against them.

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In order to prove its case beyond a reasonable doubt, the prosecution called five witnesses and tendered 22 exhibits.

Unarguably, Justice Kangiwa stated that the prosecution proved its case beyond every reasonable doubt and sentenced them to three years in prison on count one, two, three, four and five.

Meanwhile, the first and second defendants were sentenced to two years in prison each on count eight.

All the sentences given to the convicts are to run concurrently without an option of fine.

In addition, the court also ordered that the convicts pay restitution of N29 million to the complainant.

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