A staff member of TAJ Bank Limited has been handed a five-year prison term after being found guilty of defrauding a customer of over N22 million in an investment scam.
Janet Theophilus Danjuma, who worked at the bank’s Nai’bawa Branch in Kano, was sentenced by Justice S. M. Shuaibu of the Federal High Court in Kano, with no option of a fine. The conviction followed her arraignment by the Economic and Financial Crimes Commission (EFCC) on February 16, 2026, on a single count of obtaining money under false pretences.
According to the EFCC’s Kano Zonal Directorate, Danjuma solicited N22,350,000 from a victim identified as Wade Bamaiyi, convincing him that the funds would be invested in the bank’s CASA Program. Instead, she diverted the money for personal use — a move prosecutors said was a calculated act of deception that exploited the credibility of a legitimate banking product to gain the victim’s confidence.
Danjuma entered a guilty plea when the charge was read to her in court. Prosecuting counsel Sadiq Huseini urged the court to impose the maximum penalty as prescribed by law, citing the deliberate and premeditated nature of the fraud.
Justice Shuaibu subsequently convicted and sentenced her to five years in a correctional facility, with the commission describing the outcome as a warning to those who abuse positions of financial trust.
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