Yusuf Aminu from Bauchi State has been sent to jail for defrauding FCMB of N1.6 million.
Yusuf Aminu was jailed by the Bauchi State High Court for a period of three years for fraudulently obtaining a whooping sum of M1.6 million from First City Monument Bank.
In a statement disclosed by the Economic and Financial Crimes Control (EFCC), the Gombe State Zonal Command of the EFCC has arrested Aminu on a one-count charge which lingers around falsely obtaining N1.6 million from FCMB.
The one-count charge reads:
“That you Yusuf Aminu (trading under the name and style of Yusuf Aminu General Enterprises ) sometimes in January 2021 at Bauchi, Bauchi State, within the jurisdiction of this honourable court with intent to defraud, dishonestly obtained the sum of N1,600,000.00 from First City Monument Bank by falsely representing that the said sum was for the improvement and enhancement of your working capital which pretence you knew to be false and thereby committed an offence contrary to Section 320 and punishable under Section 322 of the Penal Code Law.”
According to EFCC, Mr. Aminu had obtained the money from the bank with the purpose of using it to start a business, however with further findings, he did not use the money for the business nor return it to the bank.
Following the court processions, Mr. Aminu pleaded guilty and is sentenced to serve according to the law under section 320 and punishable under section 322 of the Panel Code Law.
