Entertainment News/Lifestyle

Microfinance Bank MD Bags Five Years for N4.7m Scam in Bauchi

Microfinance Bank Managing Director, Bags Five Years for N4.7m Scam in Bauchi. Justice M.M. Abubakar of Bauchi State High Court, Bauchi on Monday, August 11, 2021 convicted and sentenced Sarita Aliyu Hello, Managing Director of Workman Microfinance Bank, Bauchi, to four years imprisonment.

What Surirat Aliyu Was Convicted For

Suritat Aliyu was Convicted on a two -count charge bordering on misappropriation and forgery brought against her by the Economic and Financial Crimes Commission, EFCC.

The offence is contrary to Section 308 and 363 and punishable under Section 309 and 364 of the Penal Code Law.

EFCC Presents Two Witnesses in Alleged N40.5m Contract Fraud.

Sarita Aliyu 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, Sarira Aliyu pleaded guilty to the charges brought against her and was sentenced to five years imprisonment.

Sarita Aliyu Pleaded Guilty

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.

EFCC arrest son, mother, others for Internet fraud in Kaduna

EFCC Arrests Son, Mother, Others for Internet Fraud in Kaduna
The Kaduna Zonal Command of the Economic and Financial Crimes Commission, EFCC, has arrested the quartet of Lucky Ebhogie, Richman Kas Godwin, Israel Justin and Precious Iwuji for internet-related fraud.

https://saharanewswatch.org.ng/kasuwan-fara-grasshopper-market-for-teenage-prostitution/

They were arrested on August 5, 2021 in the Sabo area of Kaduna, Kaduna State following intelligence on their alleged involvement in internet-related fraud activities.

Preliminary investigation revealed that the suspects are mostly involved in impersonation and romance scam; faking the identities of US military personnel on foreign missions to deceive their victims.

One of the suspects, Lucky Ebhogie allegedly recruited his mother into the scam by using her account to launder suspected proceeds of crime. On July, 30, 2021, he purchased a Mercedes Benz GLK car for N7 million through the mother’s bank account.

Another suspect, Precious Iwuji was discovered to have sold her photographs and Facebook account to internet fraudsters, which they used to ensnare their victims.

The suspects will soon be charged to court.

News Source and Pictures: EFCC

saharan1
I am a passionate writer that wants to filled the world with positive words using my writings. I am Technician,a Technologist, an Entrepreneur and educationist. I am also a writer with Opera and Scooper news.
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