A Federal High Court sitting in Kano has sentenced Janet Theophilus Danjuma to five years’ imprisonment for defrauding an investor of N22.35 million.
The conviction was secured by the Kano Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) before Federal High Court, presided over by Justice S. M. Shuaibu.
Danjuma, a staff member of Taj Bank Limited, was arraigned on Monday, February 16, 2026, on a one-count charge of obtaining money under false pretence.
According to the charge, she fraudulently collected N22,350,000 from Wade Bamaiyi in October 2024, claiming the funds would be invested in the bank’s CASA programme, a claim she knew to be false.
She pleaded guilty to the offence after the charge was read to her in court.
Following her plea, the prosecuting counsel, Sadiq Huseini, reviewed the facts of the case and explained how the defendant exploited the name of a legitimate financial product to deceive her victim. He urged the court to convict her in line with the law.
Delivering judgment, Justice Shuaibu found Danjuma guilty and sentenced her to five years’ imprisonment without an option of fine.
Investigations by the EFCC revealed that the entire sum was diverted into her personal account, as no genuine investment was made. She was subsequently charged to court and convicted.
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