Justice S.M. Shuaibu of the Federal High Court sitting in Kano has sentenced Janet Theophilus Danjuma, a staff member of Taj Bank Limited, to five years in prison for her involvement in a ₦22,350,000 investment scam.
Securitynewsalert.com learned that the conviction follows a successful prosecution by the Kano Zonal Directorate of the Economic and Financial Crimes Commission (EFCC).
The court heard that in October 2024, Danjuma, while working at the Na’ibawa branch of Taj Bank in Kano, induced a victim, Wade Bamaiyi, to “invest” in the bank’s CASA (Current Account Savings Account) programme.
However, investigations by the EFCC revealed that the investment scheme was non-existent. Rather than channelling the funds into the bank’s official products, Danjuma diverted the entire sum of ₦22,350,000 into her personal bank account.
Danjuma was arraigned on Monday, February 16, 2026, on a one-count charge of obtaining money by pretence, an offence contrary to the Advance Fee Fraud and Other Fraud Related Offences Act 2006.
Upon the reading of the charge, the defendant pleaded guilty. “The defendant deceived her victims by exploiting the name of a legitimate financial product to gain their trust,” stated prosecuting counsel Sadiq Huseini during the review of the case facts.
Delivering the judgment, Justice Shuaibu found Danjuma guilty as charged. Despite her plea, the court emphasised the gravity of the breach of trust, sentencing her to five years’ imprisonment. Notably, the judge provided no option of a fine, ensuring the convict serves the full term behind bars. #https://securitynewsalert.com/
