Skye Bank manager jailed for N200 million fraud gets N100,000 fine option

The Economic and Financial Crimes Commission, EFCC, on 29th June, 2017 secured the conviction of Tajudeen Yusuf, a former branch manager with Skye Bank, before Justice Ambrose Alagwa of Federal High Court 1, Jos on Two count charge of forgery.

The case was reported to the commission via a written petition dated 16th May, 2013 from Skye Bank Nigeria Plc, Jos branch, that Yusuf fraudulently collected funds from a customer, Alhaji Usman Tetengi to the tune of N200, 000, 000 ( Two Hundred Million Naira) and issued him with fake deposit certificate, and diverted same to his personal usage while all effort to recover the funds proved abortive. 

The accused person was arraigned on 19th November, 2014 and he pleaded not guilty.

In his judgement, Justice Ambrose Alagwa sentenced the convict to six months imprisonment with an option of fine of N100,000:00 (One hundred thousand Naira only) on count two and three. The sentence is to run concurrently.

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