MfB boss bags four years for N4.7m scam in Bauchi
According to the spokesperson for EFCC, Wilson Uwujaren, the offence is contrary to Section 308 and 363 and punishable under Section 309 and 364 of the Penal Code.
She was said to have, sometime in 2020 as managing director of the bank, misappropriated N4.7 million.
Using the password of the Head, Credit Unit of the bank, she created fictitious names, generated fraudulent loan requests, approved and paid the same to herself, The Guardian gathered.
When confronted with evidence of her crime, she pleaded guilty to the charges brought against her and was sentenced to five years.
The defendant was also ordered by the court to pay N3,786,700 to the bank through the EFCC.
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