Bank Employee Sentenced to Five Years for N22m Fraud

Janet Theophilu Danjuma, an employee of Taj Bank Limited at the Bawa branch in Kano, was convicted for defrauding an investor, Wade Bamaiyi, of N22,350,000. The fraud occurred under the pretext of an investment scheme that did not exist.

The Federal High Court in Kano, presided over by Justice S. M.

Shuaibu, sentenced Danjuma to five years in prison without the option of a fine on February 16, 2026, after she pleaded guilty to the charges. The prosecution, led by Sadiq Huseini, highlighted that Danjuma exploited her position as a bank staff member to gain the victim's trust, thereby committing the offense contrary to the Advance Fee Fraud and Other Fraud Related Offences Act of 2006.

The court was urged to convict her to uphold public trust in the financial system, as the fraudulent scheme undermined the integrity of legitimate banking products.