One Janet Theophilus formerly in the employment of Taj Bank has been sentenced to five-year imprisonment for defrauding an investor of N22,350,000 through a bogus investment scheme in Kano.

Janet’s conviction was secured by the Economic and Financial Crimes Commission (EFCC).

Justice S. M. Shuaibu of the Federal High Court, kano division, handed down the decision on Monday, February 16, 2026.

Shuaibu convicted the banker without an option of fine.

The convict, a staff member of Taj Bank Limited, Nai’bawa Branch, Kano was arraigned before the court on a one-count charge bordering on obtaining money by false pretence.

According to the charge, Janet sometime in October 2024 in Kano, dishonestly obtained N22,350,000 from one Wade Bamaiyi under the guise of investing the funds in Taj Bank’s CASA (Current Account Savings Account) programme.

. Source: Newsdishng.