Seven suspects arrested for alleged involvement in theft of N1 billion from TajBank’s company banking platform have been sentenced to numerous jail phrases after they pleaded responsible to separate one-count costs, bordering on impersonation, cash laundering, retention of proceeds of crime and unauthorized {bank} transfers filed towards them by the Economic and Financial Crimes Commission, EFCC.
The suspects recognized as Abdulrasheed Dayyabu, Abdulrahman Salim, Abubakar Ali Uba, Ishaq Haruna, Muhammad Faisal, Muhammad Sani Ahmed and Hassan Umar had exploited a glitch within the Taj Bank’s system to switch the over N1 billion to numerous banks and fintech platforms.
Dayyabu, Uba, Salim, Haruna, Faisal, Ahmed and Umar had been arrested following a petition from TajBank, Dele Oyewale, the spokesperson for EFCC mentioned in a press release on Friday.
They had been arraigned by EFCC earlier than Justice R.M.Aikawa of the Federal High Court, sitting in Kaduna alongside one Falalu Tanko who was arrested in Babar Saura space of Kaduna State, following credible intelligence that uncovered his fraudulent web actions.
The cost towards Dayyabu reads: ” That you, Abudulrasheed Dayyabu, someday within the 12 months 2024, at Kaduna, throughout the jurisdiction of the Federal High Court of Nigeria, did assist one Buhari to commit an offence, to wit: retention of proceeds of prison conduct and thereby dedicated an offence opposite to Section 21(a) of the Money Laundering (Prevention & Prohibition) Act, 2022 and punishable beneath Section 20(b) of the identical Act.”
Ex- Afromedia director, Mohammed Gobir jailed 7 years fraud
The cost towards Tanko reads: “That you Falalu Tanko, sometime in June, 2025 in Kaduna within the jurisdiction of this Honourable Court retained the total sum of $3000.00 USD (Three Thousand United States Dollars) which you knew that such fund forms part of proceeds of an unlawful act and thereby committed an offence contrary to Section 18(2) (d) of the Money Laundering (Prevention $ Prohibition) Act, 2022 and Punishable under Section 18(3) of the same Act.”
They all pleaded “guilty” to their costs, following which prosecution counsel, Fortune Amina Iminabo Asemebo prayed the courtroom to convict and sentence them accordingly.
Justice Aikawa convicted and sentenced Dayyabu to 4 years imprisonment or to pay N100,000.00 (One Hundred Thousand Naira) superb. In addition, he forfeited the sum of N300,000. (Three Hundred Thousand Naira), being the proceeds of his crime to the federal authorities.
He convicted and sentenced Uba, Salim, Haruna, Faisal, Ahmed and Umar to 4 years imprisonment, every or to pay the sum of N200,000 (Two Hundred Thousand Naira) superb, respectively.
In addition, Uba forfeited N500,000 (Five Hundred Thousand Naira), Salim forfeited N720,000 (Seven Hundred and Twenty Thousand Naira), Haruna forfeited N200,000 (Two Hundred Thousand Naira), Faisal forfeited N1,100,000 (One Million, One Hundred Thousand Naira), Ahmed forfeit N1,200,000 (One Million Two Hundred Thousand Naira) and Umar forfeited N170,000 (One Hundred and Seventy Thousand Naira). All the forfeitures, being the proceeds of their crimes, are to the federal authorities.
The choose convicted and sentenced Tanko to a few years imprisonment or to pay N300,000 (Three Hundred Thousand Naira) superb. In addition, he forfeited his BMW automotive 3 sequence, 2008 mannequin and his iPhone 13pro, being the proceeds and instruments of his crime to the federal authorities.
