Justice Fadawu Umar of the Borno State High Court, sitting in Maiduguri, has sentenced Imam Malik to one year in prison for fraudulently collecting the sum of N1,500,000 from one Muhammad Sani Abubakar for a purported Mudaraba Investment with Jaiz Bank Plc.
This was contained in a press statement by the acting spokesperson of the Economic and Financial Crimes Commission (EFCC), Mr Tomy Prolapse, Tuesday, in Abuja
He said one-count charge against him reads: “That you, Imam Malik, a former staff of Jaiz Bank Plc, sometimes in November 2016, in Maiduguri, Borno State, within the Jurisdiction of this Honourable Court with intent to defraud, did obtain the sum of N1,500,000 from one Muhammad Sani Abubakar, a customer of Jaiz Bank, under the false pretence that the said money will be used to service his interest in Mudaraba Investment, which pretence you knew to be false and thereby committed an offence contrary to section 320(a) of the Borno State Penal Code Laws cap, 102 and punishable under section 322 of the same law.”
The spokesperson said the accused pleaded not guilty to the charge when he was arraigned on February 4, 2019, and trial judge fixed March 12, 2019, for sentencing.
He said at the resumed setting, Monday, Justice Umar found him guilty but gave him a fine of N100,000, and he failed to pay. He was then commited to one year in prison.
