The Kano Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has secured the conviction and sentencing of Janet Theophilus Danjuma for investment fraud amounting to N22,350,000.
Danjuma was convicted by Justice S. M. Shuaibu of the Federal High Court sitting in Kano after pleading guilty to a one-count charge bordering on obtaining money by false pretence.
The defendant was arraigned on February 16, 2026, on a charge that alleged she fraudulently obtained N22.35 million from one Wade Bamaiyi in October 2024. According to the charge, Danjuma, a staff member of Taj Bank Limited, Nai’bawa Branch, Kano, claimed the funds would be invested in the bank’s CASA (Current Account Savings Account) programme — a representation she knew to be false.
The offence contravenes Section 1(1)(b) of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006, and is punishable under Section 1(3) of the same Act.
Upon arraignment, the charge was read to the defendant, and she entered a guilty plea. Following this, prosecuting counsel Sadiq Huseini reviewed the facts of the case, explaining how the defendant exploited the name of a legitimate financial product to deceive her victim and divert the funds for personal use.
Investigations by the EFCC revealed that the entire sum was traced to the defendant’s personal bank account.
In his judgment, Justice Shuaibu convicted Danjuma and sentenced her to five years’ imprisonment without the option of a fine.
