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Microfinance Manager, 3 Others Sent to Prison for N29m Fraud

Microfinance Manager, 3 Others Sent to Prison for N29m Fraud

The convicts connived and forged contract documents and award letters from Arugungu Microfinance Bank and used same to obtain 800 units of motorcycles from the petitioner and diverted same to their personal use.

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Justice Ibrahim Kangiwa of the Kebbi State High Court convicted Abubakar alongside three others, Abubakar Mohammed, Mainasara Kallamu and Abdulrazaq Abdullahi.

They were charged to court on April 12, 2017 and faced eight charges to which they pleaded “not guilty “.

To prove its case, the prosecution called five witnesses and tendered 22 exhibits.

Justice Kangiwa noted that the prosecution proved its case beyond every reasonable doubt and sentenced them to three years in prison on count one, two, three, four and five.

On count six, they are all to serve seven years each, while on count seven they are to serve five years each. The first and second defendants were sentenced to two years in prison each on count eight. All sentences are to run concurrently without option of fine.

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The court further ordered that the convicts pay restitution of N29 million to the complainant.

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