Bank MD Sentenced to 5 Years in Jail for Embezzling N32 Million in Adamawa State

The Adamawa State High Court sentenced Grace Andrea Karka, the Managing Director of Bongh Micro Finance Bank, to 5 years in prison for embezzling N32 million. Karka was found guilty of conspiracy, cheating, and theft.

The Economic and Financial Crimes Commission (EFCC) prosecuted the case, leading to Karka's conviction and sentencing. The court also ordered Karka to restitute over N29 million to the bank.