Managing Director of Workman Microfinance Bank, Bauchi, Sarita Aliyu Hello, has been sentenced to four years imprisonment by Justice M.M. Abubakar of Bauchi State High Court, Bauchi on Monday, August 11, 2021, after being convicted on a two-count charge bordering on misappropriation and forgery, brought against her by the Economic and Financial Crimes Commission (EFCC).
The offence is contrary to Section 308 and 363 and punishable under Section 309 and 364 of the Penal Code Law.
As the Managing Director of the microfinance bank, she was said to have, sometime in 2020, misappropriated the sum of N4,786.7 million (Four Million, Seven Hundred and Eighty-Six Thousand, Seven Hundred Naira).
In a statement by the EFCC Head of Media and Publicity, Wilson Uwujaren, on Wednesday, August 11, the convict was said to have used the password of the Head, Credit Unit of the bank, created fictitious names, generated fraudulent loan requests, approved and paid the same to herself.
When confronted with evidence of her crime, she pleaded guilty to the charges brought against her and was sentenced to five years imprisonment.
The defendant was ordered by the court to pay the sum of N3,786.7 million (Three Million, Seven Hundred and Eighty Six Thousand, Seven Hundred Naira) to the bank through the EFCC.
