Ex-Reps member, 3 Sterling Bank officials jailed for N212m fraud

The Federal High Court sitting in Kaduna has convicted a former member of the House of Representatives, Mansur Ali Mashi, on eight counts of conspiracy and obtaining by false pretences.

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.

Mashi was prosecuted by the Economic and Financial Crimes Commission (EFCC) for using fictitious companies to fraudulently obtain a loan facility to the tune of N212.4 million from Sterling Bank, which he diverted for personal use.

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.

But the prosecution called six witnesses and tendered several exhibits to prove the case against the defendants.

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 judgement.

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However, when the matter was called on Thursday, June 15, the 1st defendant was absent in court.

But the court in a judgement delivered by Justice Sale Musa Shuaibu pronounced him guilty on counts one to eight and was convicted accordingly.

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

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 one to 15 and sentenced to five years imprisonment on each count without option of fine.

The court further ordered the 2nd defendant to restitute Sterling Bank in the sum of N40 million.

The 3rd defendant, who was the former Head of operation of the bank, was discharged on count one to eight but convicted on counts nine to 15 and sentenced to five years imprisonment on each count without option of fine.

The 1st defendant, Mansur Ali Mashi, is also awaiting judgement in a case of contempt of court before the same court.

The judgement is slated for today, June 16, 2023.

Mashi was alleged to have sold the properties that were confiscated from him by the court through an interim forfeiture order.

The Star