A Kano High Court presided by Honourable Justice Dije Abdu Aboki has convicted and sentenced one Aliyu Suleiman to 195 years imprisonment for allegedly stealing over N21, 000,000 (Twenty one Million Naira only) from Albasu Microfinance Bank. Upon his arraignment, the convict who was arraigned by the Economic and Financial Crimes Commission, EFCC on the September 30, 2014, pleaded not guilty to all the count charge brought against him by the EFCC.
The convict was a former staff of Oceanic Bank who was engaged and entrusted by the Albasu Community to take charge of their Microfinance Bank. While in charge, the convict violated that trust and siphoned over N21, 000,000 (Twenty Million Naira) by forging signatures of the other signatories to the funds. In her judgment on Wednesday, November 2, 2016, 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. Read more