Latest
Female bank chief jailed for forgery, misappropriation
Managing Director of Workman Microfinance Bank, Sarita Aliyu Hello, has been jailed four years on a two-count charge bordering on misappropriation and forgery brought against her by the Economic and Financial Crimes Commission, EFCC.
The sentence was handed over to her by Justice M.M. Abubakar of Bauchi State High Court.
The offence is contrary to Section 308 and 363 and punishable under Section 309 and 364 of the Penal Code Law.
She was said to have sometime in 2020 as the managing director of the microfinance bank, misappropriated the sum of N4,786,700.00 (Four Million, Seven Hundred and Eighty-six Thousand, Seven Hundred Naira). Using the password of the head, Credit Unit of the bank, she created fictitious names, generated fraudulent loan requests, approved and paid the same to herself.
When confronted with evidence of her crime, she pleaded guilty to the charges brought against her and was sentenced to five years imprisonment.
The defendant was ordered by the court to pay the sum of N3,786,700 (Three Million, Seven Hundred and Eighty Six Thousand, Seven Hundred Naira) to the bank through the EFCC.
-
Football7 days agoArgentine presenter Florencia Peña resigns after false on-air report about Lionel Messi’s father
-
Business7 days agoAward-winning Mitsubishi L200 gets anniversary price cut in Nigerian market
-
Latest6 days agoSex video leak sparks disciplinary action as FUOYE suspends two students
-
Business6 days agoThe CBN’s Exposure Draft on Holding Companies of Banks: Matters Arising
-
Football1 week agoAfrican Teams Show Resilience on FIFA World Cup 2026 Matchday One
-
Comments and Issues6 days agoEkiti 2026: Will INEC redeem self or slide further?
-
Latest6 days agoTinubu Grants Customs Boss Adeniyi Final Six-Month Extension to Oversee Single Window Project, Succession
-
News6 days agoYiaga Africa Flags Discrepancies in Ballot Papers of Ekiti Governorship Poll