Ex-Reps member, 3 bankers jailed for N212m fraud

Justice Sale Musa Shuaibu of the Federal High Court, Kaduna, has convicted a former member of the House of Representatives, Mansur Ali Mashi, on eight counts of conspiracy and obtaining by false pretenses.

Mashi, who represented Mashi Dutsi federal constituency, was convicted alongside three bank officials: Abdulmumini Mustapha, Shehu Aliyu and Muazu Abdu in a trial that lasted 12 years.

A press statement by the Economic and Financial Crimes Commission (EFCC) Head, Media and Publicity, Wilson Uwujaren, Friday in Abuja, said Mashi was prosecuted by the commission for using fictitious companies to fraudulently obtain a loan facility to the tune of N212,439,552 from Sterling Bank, which he diverted to personal use.

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He said upon arraignment, the defendants had pleaded not guilty to the charges preferred against them and the case proceeded to trial. In the course of trial, the matter suffered several setbacks due to elevation or retirement of the trial judges.

He said at the last adjourned date, counsel to the parties adopted their final written addresses and the matter was subsequently adjourned till June 15 and 16, 2023 for judgment.

Uwujaren said when the matter was called on June 15, the 1st defendant was absent in court, however, the court in a well-considered judgment, pronounced him guilty on counts 1 to 8 and convicted him accordingly.

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The spokesperson said the 4th defendant was also absent but the court found him guilty on all counts and convicted in.

“The court, however, reserved sentencing for the two absentee defendants until they are arrested and brought before the court.

“The 2nd defendant Abdulmumin Mustapha, who is the former branch manager of Sterling Bank was convicted on counts 1 to 15 and sentenced to five years in prison on each count without option of fine. The court further ordered the 2nd defendant to restitute Sterling Bank in the sum of N40 million.

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“The 3rd defendant, who was the former head of operation of the bank, was discharged on count 1-8 but convicted on counts 9 to 15 and sentenced to five years in prison on each count without option of fine,” Uwujaren stated.

He disclosed that the 1st defendant, Mansur Ali Mashi, was also awaiting judgment in a case of contempt of court before the same court, noting that the judgment is slated for today, June 16, 2023. (Blueprint)