EFCC secures five-year jail sentence for Janet Danjuma over N22.35m investment fraud involving Taj Bank CASA scheme in Kano
The Kano Zonal Directorate of the Economic and Financial Crimes Commission (EFCC) has secured the conviction and sentencing of Janet Theophilus Danjuma for investment fraud amounting to N22,350,000.
Also read: EFCC arraigns Abuja couple over N740m fraud
Danjuma was convicted on Monday, February 16, 2026, by Justice S. M. Shuaibu of the Federal High Court sitting in Kano. She was arraigned on a one-count charge bordering on obtaining money by false pretence.
According to the charge, Danjuma, a staff member of Taj Bank Limited, Nai’bawa Branch, Kano, fraudulently obtained N22,350,000 from Wade Bamaiyi in October 2024.
She falsely claimed the funds would be invested in the bank’s CASA (Current Account Savings Account) programme.
The charge stated that the offence contravened Section 1(1)(b) of the Advance Fee Fraud and Other Fraud Related Offences Act 2006 and is punishable under Section 1(3) of the same Act.
Upon her arraignment, the charge was read to the defendant, and she pleaded guilty.
Following her plea, the prosecuting counsel, Sadiq Huseini, reviewed the facts of the case, explaining how the defendant exploited the name of a legitimate financial product to gain the victim’s trust.
He urged the court to convict and sentence her in accordance with the law.
Justice Shuaibu subsequently convicted Danjuma and sentenced her to five years’ imprisonment without the option of a fine.
Also read: Armed robbers attack vehicles on Mile 12–Ketu axis
Investigations by the EFCC revealed that the defendant induced her victim to invest in a non-existent scheme and diverted the entire sum into her personal account. She was thereafter charged to court and convicted.
