Justice Dije Abdu Aboki of the Kano state
High Court today convicted and sentenced
former Oceanic bank staff, Aliyu Suleiman, to
195 years imprisonment for allegedly stealing
over N21, 000,000 (Twenty one Million Naira
only) from Albasu Microfinance Bank.
As a former staff of Oceanic Bank, Aliyu was
engaged and entrusted by the Albasu
Community to take charge of their
Microfinance Bank. While in charge, the he
violated that trust and siphoned over N21,
000,000 (Twenty Million Naira) by forging
signatures of the other signatories to the
funds.
He was first arraigned in court on September
30th, 2014. He pleaded not guilty to all the
count charge brought against him by the
EFCC. Delivering judgement in the charges
brought against him, the presiding judge,
Justice Aboki sentenced the convict to serve
two years on each of the first forty four
counts he was charged with and a fine of
N300, 000 on each.
Where the convict defaults the fine, he is to
serve additional six months imprisonment on
each count. From count 45 to 74, the convict
was sentenced to fine of N500, 000 or twelve
months imprisonment on each count while on
count 75 to 105, he is to pay fine of N200,
000 or twelve months imprisonment on each
count with the exception of count 97 which
appeared to be duplication.
The sentences are to run concurrently. The
convict was also ordered to restitute the sum
of N14, 815,000 (Fourteen Million, Eight
Hundred and Fifteen Thousand Naira Only)
to the Albasu Community or spend five more
years in prison.
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