COURT SENTENCE SKYE BANK MANAGER TO PRISON FOR N200M FRAUD

The Economic and Financial Crimes Commission, EFCC, on 29th June, 2017 secured the conviction of Tajudeen Yusuf, a former branch manager with Skye Bank. 

Tajudeen was prosecuted before Justice Ambrose Alagwa of Federal High Court 1, Jos on 3 counts of forgery.

Tajudeen's journey to prison started on May 16, 2013, following a petition from Skye Bank Nigeria Plc, Jos branch, alleging that Yusuf fraudulently collected the sum of N200 million from the bank's customer, Alhaji Usman Tetengi to the tune of N200, 000, 000 and issued him with fake deposit certificate.

Tajudeen thereafter diverted the N200m to his personal use while all efforts to recover the funds proved abortive.

The convict was arraigned on 19th November, 2014 and he pleaded not guilty to the charges preferred against him.

After over two years of diligent prosecution, Justice Ambrose Alagwa sentenced the convict to six months imprisonment with an option of fine of N100,000:00 ( One Hundred Thousand Naira) on counts two and three.

The sentence is to run concurrently.

CKN NEWS

Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

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