A banker, Aliyu Suleiman, has been sentenced to 195 years imprisonment by a Kano High Court after he was found guilty of stealing N21 million from Albasu Microfinance Bank. Suleiman had pleaded not guilty to all the charges. The presiding Judge, Dije Abdu Aboki, sent him to two years jail on each of the first 44 charges and N300,000 on each. The judgment pointed that 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 a 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.