Seven jailed over stealing of N1bn from TajBank

Seven suspects arrested for alleged involvement in theft of N1 billion from TajBank’s company banking platform have been sentenced to numerous jail phrases after they pleaded responsible to separate one-count prices, bordering on impersonation, cash laundering, retention of proceeds of crime and unauthorized financial institution transfers filed in opposition to them by the Financial and Monetary Crimes Fee, EFCC.

The suspects recognized as Abdulrasheed Dayyabu, Abdulrahman Salim, Abubakar Ali Uba, Ishaq Haruna, Muhammad Faisal, Muhammad Sani Ahmed and Hassan Umar had exploited a glitch within the Taj Financial institution’s system to switch the over N1 billion to numerous banks and fintech platforms.

Dayyabu, Uba, Salim, Haruna, Faisal, Ahmed and Umar had been arrested following a petition from TajBank, Dele Oyewale, the spokesperson for EFCC stated in an announcement on Friday.

They had been arraigned by EFCC earlier than Justice R.M.Aikawa of the Federal Excessive Courtroom, sitting in Kaduna alongside one Falalu Tanko who was arrested in Babar Saura space of Kaduna State, following credible intelligence that uncovered his fraudulent web actions.

The cost in opposition to Dayyabu reads: ” That you just, Abudulrasheed Dayyabu, someday within the 12 months 2024, at Kaduna, throughout the jurisdiction of the Federal Excessive Courtroom of Nigeria, did help one Buhari to commit an offence, to wit: retention of proceeds of prison conduct and thereby dedicated an offence opposite to Part 21(a) of the Cash Laundering (Prevention & Prohibition) Act, 2022 and punishable below Part 20(b) of the identical Act.”

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The cost in opposition to Tanko reads: “That you just Falalu Tanko, someday in June, 2025 in Kaduna throughout the jurisdiction of this Honourable Courtroom retained the overall sum of $3000.00 USD (Three Thousand United States {Dollars}) which you knew that such fund varieties a part of proceeds of an illegal act and thereby dedicated an offence opposite to Part 18(2) (d) of the Cash Laundering (Prevention $ Prohibition) Act, 2022 and Punishable below Part 18(3) of the identical Act.”

All of them pleaded “responsible” to their prices, following which prosecution counsel, Fortune Amina Iminabo Asemebo prayed the court docket to convict and sentence them accordingly.

Justice Aikawa convicted and sentenced Dayyabu to 4 years imprisonment or to pay N100,000.00 (One Hundred Thousand Naira) high-quality. As well as, he forfeited the sum of N300,000. (Three Hundred Thousand Naira), being the proceeds of his crime to the federal authorities.

He convicted and sentenced Uba, Salim, Haruna, Faisal, Ahmed and Umar to 4 years imprisonment, every or to pay the sum of N200,000 (Two Hundred Thousand Naira) high-quality, respectively.

As well as, Uba forfeited N500,000 (5 Hundred Thousand Naira), Salim forfeited N720,000 (Seven Hundred and Twenty Thousand Naira), Haruna forfeited N200,000 (Two Hundred Thousand Naira), Faisal forfeited N1,100,000 (One Million, One Hundred Thousand Naira), Ahmed forfeit N1,200,000 (One Million Two Hundred Thousand Naira) and Umar forfeited N170,000 (One Hundred and Seventy Thousand Naira). All of the forfeitures, being the proceeds of their crimes, are to the federal authorities.

The choose convicted and sentenced Tanko to 3 years imprisonment or to pay N300,000 (Three Hundred Thousand Naira) high-quality. As well as, he forfeited his BMW automobile 3 sequence, 2008 mannequin and his iPhone 13pro, being the proceeds and instruments of his crime to the federal authorities.