N22.35m Fraud: TAJ Financial institution Employees Baggage Jail Time period

A TAJ financial institution employees member has been jailed for N22.35m fraud

NewsRain Nigeria stories that an worker of TAJ Financial institution Restricted, Janet Theophilus Danjuma, has been sentenced to 5 years in a correctional centre with out an possibility of high-quality by a court docket in Kano State for funding fraud to the tune of N22.35 million.

Justice S. M. Shuaibu of the Federal Excessive Court docket sitting in Kano convicted and sentenced the defendant following her arraignment by the Financial and Monetary Crimes Fee (EFCC).

The Kano Zonal Directorate of the anti-graft fee arraigned the defendant on February 16, 2026, on a one-count cost bordering on acquiring cash by false pretence.

The EFCC instructed the court docket that Danjuma, being a employees of Taj Financial institution Restricted, Nai’bawa Department, Kano, obtained N22,350,000 from one Wade Bamaiyi beneath the pretext that the cash could be invested within the CASA Program of the financial institution.

The fee mentioned that the defendant transformed the funds to non-public use and thereby dedicated an offense opposite to Part 1(1)(b) of the Advance Charge Fraud and different Fraud Associated Offenses Act 2006 and Punishable Underneath part 1(3) of the identical Act.

In an announcement, the EFCC mentioned Danjuma pleaded responsible to the one-count cost when it was learn to her.

Following her responsible plea, the prosecuting counsel, Sadiq Huseini, reviewed the information of the case, detailing how the defendant deceived her victims by exploiting the title of a authentic monetary product to realize their belief.

He urged the court docket to convict the defendant accordingly as prescribed by legislation.

Consequently, Justice Shuaibu convicted and sentenced Danjuma to 5 years imprisonment with out an possibility of a high-quality.