It was learnt the said amount of money was collected from one Muhammad Sani Abubakar ostensibly for Mudaraba Investment with Jaiz Bank Plc.
EFCC spokesman, Tony Orilade in a statement said the one-count charge against him reads: “That you, Imam Malik, a former staff of Jaiz Bank Plc, sometimes in November 2016, in Maiduguri, Borno State, within the Jurisdiction of this Honourable Court with intent to defraud, did obtain the sum of N1,500,000 (One Million Five Hundred Thousand Naira) only from one Muhammad Sani Abubakar, a customer of Jaiz Bank, under the false pretence that the said money will be used to service his interest in Mudaraba Investment, which pretence you knew to be false and thereby committed an offence contrary to section 320(a) of the Borno State Penal Code Laws cap, 102 and punishable under section 322 of the same law.”
But on arraignment on February 4, the defendant reportedly pleaded not guilty to the charge.
In his ruling, presiding Justice Fadawu Umar found him guilty and fixed today, March 12, for sentencing.
While sentencing him, Justice Umar, ruled that Malik would pay N100,000 fine or serve one-year jail term.Share this News