BUSTED! Court Convicts Former Banker Over N1.5m Fraud

The Economic and Financial Crimes Commission, EFCC, Maiduguri Zonal Office, has secured the conviction of one Imam Malik Kalle, over a one-count charge bordering on cheating that amounted to N1,500,000.

It was presiding Justice Fadawu Umaru of the Borno State High Court, sitting in Maiduguri, the state capital that convicted Kalle.

Until his ordeal, Kalle was a staff of Jaiz Bank Plc, Maiduguri branch. He was alleged to have defrauded one Muhammad Sani Abubakar, by fraudulently collecting the sum of N1, 500, 000 for a purported Mudaraba Investment with Jaiz Bank Plc.

EFCC spokesman, Tony Orilade said this in a statement in Abuja.

Orilade said count one of the charge reads:

“That you, Imama 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 (One Million Five Hundred Thousand Naira) only 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 convict was said to have pleaded guilty to the charge preferred against him.

Also, the counsel for the prosecution, Halima Alhaji Shehu reportedly prayed the court to convict and sentence him as charged.

But the Judge, on this premise, adjourned to March 18, for sentence and ordered the convict to be remanded in prison.

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