The Kano Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, has secured the conviction and sentence of one Janet Theophilus Danjuma before Justice S. M. Shuaibu of the Federal High Court sitting in Kano for investment fraud to the tune of N22,350,000 (Twenty-Two Million, Three Hundred and Fifty Thousand Naira).
The defendant was arraigned on Monday, February 16, 2026, on a one-count charge bordering on obtaining money by false pretense.
Count one of the charge reads: “That you Janet Theophilus Danjuma being a staff of Taj Bank Limited, Nai’bawa Branch Kano, sometimes in October, 2024 in Kano, within the jurisdiction of this Honourable court, with intent to defraud, did obtain the sum of N22,350,000 (Twenty-Two Million, Three Hundred and Fifty Thousand Naira) from Wade Bamaiyi, under the pretext that the money will be invested in CASA Program of Taj Bank Limited which pretense you knew to false 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.
Upon her arraignment, the charge was read to the defendant to which she pleaded guilty.
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.
Danjuma bagged his imprisonment when he fraudulently induced her victims to invest a total of N22,350,000 in a non-existent investment scheme, falsely claiming she would channel the funds into the Taj Bank CASA (Current Account Savings Account) program. However, investigation by the Commission traced all the monies to her personal account. She was charged to court and convicted.
