Female Bank Staff Bags 5 Years Imprisonment For Swindling Victim Of N22.3m

Posted on February 20, 2026
AISHA ABUBAKAR 
A staff of Taj Bank Limited, Janet Theophilus Danjuma, has been sentenced to five years imprisonment imprisonment without any option of fine for defrauding a victim, Wade Bamaiyi,  of the sum of N22.35m through a fake investment scheme in Kano State. 
P.M.EXPRESS reports that it was the judgment of the Federal High Court in Kano, which found her guilty and sentenced her accordingly under the Criminal Law of the State.
Her conviction was secured by the Kano Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) before the presiding judge, Justice S. M. Shuaibu.
The convict, Danjuma, was arraigned on  Monday, 16th February, 2026, on a one-count charge bordering on obtaining money by false pretence.
The charge stated that 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 channeled into the Taj Bank CASA programme.
However, the Commission traced the entire sum to her personal bank account, arrested and prosecuted her for the criminal conduct and she was sentenced accordingly.

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