A Federal High Court in Kano has sentenced a woman, Janet Theophilus Danjuma, to five years imprisonment for defrauding a victim of N22.35 million through a fake investment scheme.
The conviction was secured by the Kano Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) before Justice S. M. Shuaibu.
Danjuma was arraigned on Monday, February 16, 2026, on a one-count charge bordering on obtaining money by false pretence.
According to the charge, the defendant, a staff member of Taj Bank Limited, Nai’bawa Branch, Kano, fraudulently obtained the sum of N22,350,000 from one Wade Bamaiyi in October 2024 under the false claim that the funds would be invested in the bank’s Current Account Savings Account (CASA) programme.
The EFCC stated that the defendant knew the claim was false and thereby violated Section 1(1)(b) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.
Upon her arraignment, Danjuma pleaded guilty to the charge.
Following her plea, prosecuting counsel, Sadiq Huseini, presented the facts of the case, explaining how the defendant deceived the victim by exploiting the name of a legitimate banking product to gain trust and collect the funds.
He urged the court to convict and sentence her in accordance with the law.
Justice Shuaibu subsequently found the defendant guilty and sentenced her to five years imprisonment without an option of fine.
EFCC investigations revealed that Danjuma fraudulently induced the victim to invest in a non-existent scheme, falsely claiming the funds would be channelled into the Taj Bank CASA programme. However, the commission traced the entire sum to her personal bank account.
The anti-graft agency said the conviction underscores its ongoing efforts to clamp down on investment fraud and other financial crimes.