RismadarVoice Reporters
February 17, 2026
Federal High Court in Kano has sentenced a woman, Janet Theophilus Danjuma, to five years imprisonment without an option of fine for defrauding investors of N22,350,000 (Twenty-Two Million, Three Hundred and Fifty Thousand Naira).
The conviction was secured by the Kano Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) before Justice S. M. Shuaibu. Danjuma, who was arraigned on Monday, February 16, 2026, pleaded guilty to a one-count charge of obtaining money by false pretense.
Count one of the charge stated: “That you, Janet Theophilus Danjuma, being a staff of Taj Bank Limited, Nai’bawa Branch, Kano, sometime in October 2024 in Kano, with intent to defraud, did obtain the sum of N22,350,000 from Wade Bamaiyi under the pretext that the money will be invested in CASA Program of Taj Bank Limited, which pretense you knew to be false…”
Prosecuting counsel, Sadiq Huseini, explained how Danjuma exploited the name of a legitimate bank product to deceive her victims. She fraudulently promised to invest their money in the Taj Bank CASA (Current Account Savings Account) program, but investigations revealed that all funds were diverted into her personal account.
Justice Shuaibu, after considering her guilty plea and the facts of the case, convicted and sentenced Danjuma to five years imprisonment without an option of fine, in accordance with Section 1(1)(b) and 1(3) of the Advance Fee Fraud and Other Fraud Related Offenses Act, 2006.
The EFCC had traced the total sum of N22,350,000 to Danjuma’s personal account, confirming the fraudulent nature of the investment scheme. The sentence serves as a stern warning to individuals attempting to exploit unsuspecting investors under the guise of legitimate financial products.
