April 22, 2024 2:06 am
Search

Stats

0 Shares

Sponsored

NEWS

High-Profile Conviction: Former Reps Member and Three Bank Officials Sentenced to Jail Time for N212 Million Fraud

Justice Sale Musa Shuaibu of the Federal High Court in Kaduna has pronounced a guilty verdict against Mansur Ali Mashi, a former member of the Nigerian House of Representatives, and some other bank officials, Abdulmumini Mustapha, Shehu Aliyu, and Muazu Abdu. The trial went on for a record 12 years and involved 6 witnesses, as well as several exhibits. The charges brought forth against Mashi were those of deception and theft, to which he had pleaded not guilty. According to the charges, he fraudulently obtained a loan worth N212,439,552 from Sterling Bank in the name of fake entities but used all of it himself.

Mashi’s absence in court did not stop the judge from delivering a verdict against him. He was found liable for all eight counts against him and will be sentenced once he is brought before the court. The same goes for the fourth defendant, who was also absent but was declared guilty on all charges.

Abdulmumin Mustapha, the second defendant, was sentenced to prison for five years without the option of a fine after being found guilty on 15 counts. He will also have to pay N40,000,000 in restitution to Sterling Bank. Shehu Aliyu, the third defendant, was cleared of charges one to eight but found guilty on counts nine to fifteen, receiving a total of 35 years in jail.

Mansur Ali Mashi isn’t out of the woods yet – he has another criminal case of contempt of court pending before the same court, and the verdict will be delivered soon. The allegations suggest that the former representative sold properties that had been confiscated from him by the court via an interim forfeiture order.

The conviction of an ex-lawmaker sends a clear message that nobody is above the law, and any criminal activity will be punished. Justice has been served, but it was not a swift process. Reaching this point took over a decade of persistence and hard work.

Get Mailed when an update on this breaks

Follow Trennews

Trennews

Reporting

Subscribe
Notify of
guest
0 Responses
Inline Feedbacks
View all comments

Sponsored

TrenApps

…activities to grow your tokens

General

Dizcuz

Leave Comments on Posts

TLSC

Trentimes Link Share Club. Share links in bulk

Trenconnect

Complete 3 tasks on WhatsApp and get paid

Trennews

Share news and earn in cycles

Farming & Interest

cropped 1folio.net

1folio

Farm Trencoins and grow them

Content

PostPad

Create and publish content

Add Sequence

For creating courses and tutorials

Your Referral link

Share & Earn!

Gat Paid & Cycle N1000 when you reshare any news with your unique link given you. Join Trentimes Share & Earn

Login or Sign Up to Support Trennews

Upon Registration, You will be credited with 27TTC

Login | Register

Join Trentimes and Earn Money for Expressing Yourself!

Create a voice online and make money. Trentimes gives you a chance to share your thoughts and ideas, and even get paid for them. Be part of our community today and start earning from your content. Sign up now!