The Economic and Financial Crimes Commission (EFCC) has secured the conviction of a bank employee, Janet Theophilus Danjuma, for defrauding an investor of N22.35 million through a bogus investment scheme.
Danjuma was convicted on Monday, February 16, 2026, by Justice S. M. Shuaibu of the Federal High Court, Kano Division, and sentenced to five years’ imprisonment without the option of a fine.
The defendant, a staff member of Taj Bank Limited, Nai’bawa Branch, was arraigned on a one-count charge bordering on obtaining money by false pretence.
According to the charge, Danjuma, in October 2024, dishonestly obtained N22,350,000 from one Wade Bamaiyi under the guise of investing the funds in the bank’s Current Account Savings Account (CASA) programme.
Prosecuting counsel Sadiq Huseini told the court that the defendant exploited her position as a bank employee and the credibility of an existing financial product to deceive the complainant. Investigations traced the entire sum to her personal account.
She pleaded guilty to the charge.
In his judgment, Justice Shuaibu convicted her based on her guilty plea and sentenced her to five years’ imprisonment without the option of a fine.
The EFCC said investigations revealed that the purported investment scheme was non-existent and that the funds were diverted for personal use, noting that such offences undermine public trust in the financial system.