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MfB boss bags four years for N4.7m scam in Bauchi

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[FILES] Court

Justice Mohammed Abubakar of Bauchi State High Court, yesterday, sentenced the Managing Director of Workman Microfinance Bank, Bauchi, Sarita Hello, to four years on two counts of misappropriation and forgery brought against her by the Economic and Financial Crimes Commission (EFCC).

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.

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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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