Adamawa Court Sentences Bank MD To 5-yr Jail Term

Justice Benjamin Lawan Manji of the Adamawa State High Court successful Yola has convicted and sentenced the managing director, Bonghe Micro Finance Bank, Grace Andreas Karka, to 5 years imprisonment.

Karka was prosecuted connected two-count charges bordering connected transgression conspiracy and cheating to the tune of N32,000,000 (Thirty Two Million Naira) by the Gombe Zonal Directorate of the EFCC.

One the charges read: “that you Grace Andreas Karka and prince Moses Batalu betwixt August 2020 and March 2021 successful Yola, Adamawa State wrong the jurisdiction of this honourable tribunal did hold amongst yourselves to bash an amerciable enactment to wit theft successful the sum of N66,792,960.00 from Bonghe Micro Finance Bank Nigeria Limited with relationship fig 2013668857 domiciled with First slope Nigeria constricted by dishonestly moving the said sum without necessarry support contrary to Section 61(2) of the Adamawa State penal Code Law 2018.”

Upon her arraignment connected November 11, 2024, the suspect pleaded not blameworthy to the two-count charges, mounting the signifier for afloat trial.

In the people of trial, prosecution counsel, Mubarak Tijani, called successful witnesses and tendered respective documents to beryllium his lawsuit portion the defence counsel called successful 3 witnesses.

Justice Manji connected October 17, 2025, portion delivering judgement said the prosecution has proved the lawsuit beyond tenable uncertainty and went connected to convict the suspect accordingly connected counts 1 and two. The justice besides sentenced Karka to 5 years imprisonment with an enactment of N3,000,000 each connected counts 1 and two. The condemnation is to tally concurrently.

In addition, the tribunal ruled that the convict should restitute the equilibrium of N29,877,000.040 to the petitioner.

Karka’s travel to the Correctional Centre began erstwhile sometimes successful 2021, the petitioner, Bonghe Micro Finance Bank, carried retired an audit connected the accounts of the slope domiciled with First Bank of Nigeria Ltd.

The audit revealed unbalanced relationship and irregular travel of transfers to a definite relationship holder who was not a lawsuit of the bank. Further checks aboriginal discovered that it was Karka, past managing manager of the bank, who transferred the full sum of N32,000,000 to 1 prince Moses Batalu without the indispensable approval. The slope added that each efforts to retrieve the said sum proved abortive.