By Ayox Ojo/Abuja

A staff of Jaiz Bank, Janet Theophilus Danjuma, has been sentenced to five years imprisonment over alleged N22.350 million fraud following her conviction on a one-count charge bordering on obtaining money by false pretense.

EFCC had arraigned Danjuma for allegedly fraudulently inducing on Wade Bamaiyi to invest a total of N22,350,000 in a non-existent investment scheme.

She had allegedly claimed that she would invest the funds into the Taj Bank CASA (Current Account Savings Account) program.

However, investigation by the Commission traced all the monies to her personal account.

She was arraigned before Justice S. M. Shuaibu of the Federal High Court sitting in Kano on Monday, February 16, 2026, by the Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC.

Count one of the charge reads: “That you Janet Theophilus Danjuma being a staff of Taj Bank Limited, Nai’bawa Branch Kano, sometimes in October, 2024 in Kano, within the jurisdiction of this Honourable court, with intent to defraud, did obtain the sum of N22,350,000 (Twenty-Two Million, Three Hundred and Fifty Thousand Naira) from Wade Bamaiyi, under the pretext that the money will be invested in CASA Program of Taj Bank Limited which pretense you knew to false and thereby committed an offense contrary to Section 1(1)(b) of the Advance Fee Fraud and other Fraud Related Offenses Act 2006 and Punishable Under section 1(3) of the same Act.

Danjuma pleaded guilty when the charge was read to her upon her arraignment

Following her guilty plea, the prosecuting counsel, Sadiq Huseini, reviewed the facts of the case, detailing how the defendant deceived her victims by exploiting the name of a legitimate financial product to gain their trust.

He urged the court to convict the defendant accordingly as prescribed by law.

Consequently, Justice Shuaibu convicted and sentenced Danjuma to five years imprisonment without an option of a fine.

Source; PM News