The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, has secured the conviction and sentence of a female banker, Janet Theophilus Danjuma, for investment fraud.
Danjuma who was arraigned before Justice S. M. Shuaibu of the Federal High Court sitting in Kano was found guilty of defrauding her victims of N22,350,000 (Twenty-Two Million, Three Hundred and Fifty Thousand Naira).
The Daily Crucible learnt that the convict was arraigned yesterday, February 16, on a one-count charge bordering on obtaining money by false pretense.
The charge reads: “That you Janet Theophilus Danjuma being a staff of Taj Bank Limited, Nai’bawa Branch Kano, sometimes in October, 2024 in Kano, within the jurisdiction of this Honourable court, with intent to defraud, did obtain the sum of N22,350,000 (Twenty-Two Million, Three Hundred and Fifty Thousand Naira) from Wade Bamaiyi, under the pretext that the money will be invested in CASA Program of Taj Bank Limited which pretense you knew to false and thereby committed an offense contrary to Section 1(1)(b) of the Advance Fee Fraud and other Fraud Related Offenses Act 2006 and Punishable Under section 1(3) of the same Act.
When the charge was read to her, she pleaded guilty.
In his review of the case, the prosecuting counsel, Sadiq Huseini, revealed that the convict deceived her victims by exploiting the name of a legitimate financial product to gain their trust.
The prosecution, therefore, urged the court to convict the defendant accordingly as prescribed by law.
Consequently, Justice Shuaibu convicted and sentenced Danjuma to five years imprisonment without an option of a fine.
Danjuma bagged his imprisonment when he fraudulently induced her victims to invest a total of N22,350,000 in a non-existent investment scheme, falsely claiming she would channel the funds into the Taj Bank CASA (Current Account Savings Account) program. However, investigation by the Commission traced all the monies to her personal account. She was charged to court and convicted.
