N212.4m Fraud: Reps Member, Mansur Mashi, others know fate June 15

May 16, 2023
30 Views

Justice Sale Musa Shuaibu of the Federal High Court, Kaduna, has reserved judgment in the case of alleged N212, 439,552 fraud involving a serving House of Representatives member representing Mashi Dutsi federal constituency, Mansur Ali Mashi for June 15 and 16, 2023.

Mashi is being prosecuted by the Economic and Financial Crimes Commission for allegedly obtaining a loan facility to the tune of N212,439,552 (Two Hundred and Twelve Million, Four Hundred and Thirty-Nine Thousand, Five Hundred and Fifty-Two Naira) only from Sterling bank using fictitious companies. He was docked

alongside four bank officials, Abdulmumini Mustapha, Shehu Aliyu and Muazu Abdu, Hassan Usman (deceased). 

Upon arraignment, the defendants pleaded not guilty and the matter consequently proceeded to trial.

This case has suffered so many setbacks due to elevation and retirement of the trial judges.

In the course of trial, the prosecution called six witnesses.

In today’s proceedings, counsel to the parties, Douglas I. Gift for the prosecution and A.D Umar for the defendants , adopted their final written addresses.

Consequently, Justice Shuaibu adjourned the matter till June 15 and 16, 2023 for judgment.

One of the charges reads, “That you Auwulu Hamza being regional manager of Sterling bank, North Western region on or about the 28th July 2008 in Katsina within the judicial division of the Federal High Court did knowingly approved a loan of twenty five million naira (N25,000,000) to one Mansur Ali mashi(through a false and fictitious account name, Faskari Local Education Authority with account number 136285) which is above your approval limit by splitting it into five separate customer credit request contrary to accepted practice and Sterling bank regulation and thereby committed an offence contrary to Section 15(1)(b) and punishable under s. 16(1)(a) of the Failed Banks (Recovery of Debts) And Financial Malpractices in Banks Act”.

You may be interested

In Anambra, 40-Year-Old Man Defiles His 9-Year-Old Only Child, Bags 10 years Imprisonment
Crime
1 views
Crime
1 views

In Anambra, 40-Year-Old Man Defiles His 9-Year-Old Only Child, Bags 10 years Imprisonment

Webby - March 28, 2024

By Izunna Okafor, Awka A Children, Sexual and Gender-Vased Violence Court sitting in Awka, Anambra State capital, has slammed a…

Abducted editor, Segun Olatunji, regains freedom after 12 days in DIA custody
News
3 views
News
3 views

Abducted editor, Segun Olatunji, regains freedom after 12 days in DIA custody

Webby - March 28, 2024

The Editor of FirstNews, a Lagos-based online news platform, Segun Olatunji, has regained his freedom 12 days after he was…

FAAN shuts KFC outlet for allegedly discriminating against ex-Ogun Gov’s disabled son
Business
3 views
Business
3 views

FAAN shuts KFC outlet for allegedly discriminating against ex-Ogun Gov’s disabled son

Webby - March 28, 2024

The management of the Federal Airports Authority of Nigeria (FAAN), on Thursday, ordered the immediate closure of a KFC outlet…

Leave a Comment

Your email address will not be published.