Kano State High Court presided by Honourable Justice Dije Abdu Aboki has
convicted and sentenced one Aliyu Suleiman to 195 years imprisonment.
The former banker was arraigned by the EFCC on September 30, 2014, for
allegedly stealing over N21, 000,000 (Twenty one Million Naira only)
from Albasu Microfinance Bank.
the convict to serve two years on each of count one to forty four and
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 were 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.
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.