Alleged N550 Scam: Three Guarantee Trust Bank staff, primary school teacher arrested - newsheadline247
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GTB banker bags three-year jail term for fraud

A former staff of Guaranty Trust Bank (GTB), Shehu Mohammed Aliyu, has been sentenced to three years imprisonment after being found guilty of fraud.

 Justice Nasiru Saminu of the Kano State High Court on Friday, July 24, 2020, sentenced the convict who was prosecuted by the Kano Zonal Office of the nation’s anti-graft agency, the Economic and Financial Crimes Commission (EFCC).

He was arraigned on January 30, 2020 alongside his wife, on a six-count charge of money laundering and obtaining money by false pretence, to which they pleaded not guilty. The charges were, however, amended to three-counts in the course of the trial, to which the convict pleaded guilty while his wife was delisted from the charges after further investigation revealed that the convict committed the crime without her knowledge, according to Dele Oyewale, EFCC Head Media and Publicity.

 Following his guilty plea, prosecution counsel, Zarami Mohammed urged the court to convict and sentence him accordingly. Justice Saminu convicted and sentenced him to one year imprisonment on each of the three counts or pay a fine option of N50,000 (Fifty Thousand Naira) on each of the three counts. The prison terms are to run concurrently.

The convict ran into trouble for creating a non-existent account holder, purporting the same to be a staff of Aminu Kano Teaching Hospital, AKTH, Kano State, by presenting forged employment particulars of the hospital and fraudulently obtaining a loan through the fake account holder.

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He deposited the loan sum into a joint account held with his wife, but subsequently withdrew the money without his wife’s knowledge hence she was removed from the charge.

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