Bank staff jailed for five years over N22m fraud in Kano
Bank Employee Convicted of Fraud in Kano
The Economic and Financial Crimes Commission (EFCC) announced the conviction of bank employee Janet Theophilus Danjuma for defrauding an investor of 22.35 million Naira through a fraudulent investment scheme in Kano.
Danjuma was sentenced to five years in prison without the possibility of a fine on February 16, 2026, by Justice S. M. Shuaibu of the Federal High Court, Kano Division. She was arraigned on a single count of obtaining money under false pretenses.
According to court documents, Danjuma, an employee at Taj Bank Limited’s Nai’bawa Branch, secured the funds in October 2024 from Wade Bamaiyi by falsely claiming they would be invested in the bank’s Current Account Savings Account (CASA) program.
The prosecution outlined that Danjuma used her position at the bank and the credibility of an existing financial product to deceive Bamaiyi into transferring the substantial sum. Prosecuting attorney Sadiq Huseini emphasized that an investigation revealed the entirety of the funds was diverted to her personal account.
Huseini urged the court to impose a sentence reflective of the seriousness of the offense, stating it undermined public trust in the financial system. Justice Shuaibu proceeded to convict Danjuma based on her guilty plea and subsequently issued the five-year sentence.
The EFCC’s investigation confirmed that the investment scheme was fictitious and highlighted the significant personal gain derived from the fraudulent transaction.
