Kano Banker Jailed 195 Years For Stealing N21m


A Micro-Finance Bank Manager, Aliyu Suleiman, has been sentenced to 195 years imprisonment by the Kano State High Court for stealing N21 million.

Delivering the judgement on Friday, Justice Dije Abdu Aboki, also ordered the convict to refund N14,815,000 to Albasu community, owners of the micro-finance bank.

He is to serve two years on each of counts 1 to 44 and also pay a fine of N300,000 for each sentences.

Additionally, the judge ruled that where the convict defaults, he will serve additional six months imprisonment on each count.

From counts 45 to 74, the convict was fined N500,000 or 12 months imprisonment on each count while on counts 75 to 105, he is to pay a fine of N200,000 or 12 months imprisonment on each count with the exception of count 97 which appeared to be duplication.

The sentences will run concurrently, meaning he will serve a maximum of two years.

In his defence, the convict, Mr Suleiman, pleaded not guilty to all the counts.

Mr Suleiman, a former staff of Oceanic Bank before being engaged by the community to take charge of their micro-finance Bank was on September 30, 2014, arraigned by the Economic and Financial Crimes Commission (EFCC) on 105-count charges.


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