Photo: TAJ Bank Staff Jailed Over N22.35m Fraud

A TAJ bank staff member has been jailed for N22.35m fraud

NewsRain Nigeria reports that an employee of TAJ Bank Limited, Janet Theophilus Danjuma, has been sentenced to five years in a correctional centre without an option of fine by a court in Kano State for investment fraud to the tune of N22.35 million.

Justice S. M. Shuaibu of the Federal High Court sitting in Kano convicted and sentenced the defendant following her arraignment by the Economic and Financial Crimes Commission (EFCC).

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The Kano Zonal Directorate of the anti-graft commission arraigned the defendant on February 16, 2026, on a one-count charge bordering on obtaining money by false pretence.

The EFCC told the court that Danjuma, being a staff of Taj Bank Limited, Nai’bawa Branch, Kano, obtained N22,350,000 from one Wade Bamaiyi under the pretext that the money would be invested in the CASA Program of the bank.

The commission said that the defendant converted the funds to personal use 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.

In a statement, the EFCC said Danjuma pleaded guilty to the one-count charge when it was read to her.

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.