• Ex-Diamond Bank staff, other get N20m bail in $1m fraud case

    Ex-Diamond Bank staff, other get N20m bail in $1m fraud case

    Justice Nnamdi Dimgba of the Federal High Court sitting in Maitama, Abuja on Monday, admitted the one Sada Adamu and Babatunde Faro, an employee of Diamond Bank Plc to bail on a 4-count of money laundering preferred against them by the Economic and Financial Crimes Commission, EFCC.

    Arraigned on Friday, November 11, 2016, Adamu was alleged to have made cash payment of $1 million being an amount exceeding the stipulated N5 million threshold payable cash by an individual according to law, […]

  • Ex-Oceanic bank staff sentenced to 195 years in jail for N21 million fraud

    Ex-Oceanic bank staff sentenced to 195 years in jail for N21 million fraud

    Justice Dije Abdu Aboki of the Kano state High Court today convicted and sentenced former Oceanic bank staff, Aliyu Suleiman, to 195 years imprisonment for allegedly stealing over N21, 000,000 (Twenty one Million Naira only) from Albasu Microfinance Bank.

    As a former staff of Oceanic Bank, Aliyu was engaged and entrusted by the Albasu Community to take charge of their Microfinance Bank. While in charge, the he violated that trust and siphoned over N21, 000,000 (Twenty Million Naira) by forging signatures […]