The Economic and Financial Crimes Commission, EFCC, Kano Zonal Office, on Monday, July 22, 2019 secured the conviction of one Loretta Bayei before Justice Dije Aboki of the Kano State High Court.
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Loretta was arraigned on July 14, 2017 on a five count charge bordering on conspiracy and theft.

Loretta's journey to the prison started when her former employer, United Bank for Africa, UBA, petitioned the EFCC alleging an offence of conspiracy and theft to the tune of N38,501,732.05 (Thirty Eight Million Five Hundred and One Thousand Seven Hundred and Thirty One Naira Five Kobo) but in the course of the investigation, N12,800,000 (Twelve Million Eight Hundred Thousand Naira) was traced to her.

Count one of the charge reads: ''That you Loretta Bayei, Bolanle Ajoke Shogbesan (at large) and Adekunle Rusenwe (at large) between the 10th August to 17th October, 2015 in Kano within the jurisdiction of the High Court of Kano State did agree between yourselves to do an illegal act, an offence punishable under section 97 of the Penal code.”

Loretta pleaded not guilty to the charges which prompted her trial.

In the course of the trial, Prosecution Counsel Musa Isah presented four witnesses and tendered eleven exhibits which made her change to a guilty plea.

In view of her new plea, Musa Isah urged the court to convict and sentence her person as charged.

Defence counsel, B.P Achi, however, prayed the court to be lenient in sentencing the defendant.

While delivering his judgement, Justice Dije Aboki sentenced the convict to six months in prison for count one, two years in prison for count two, 18 months in prison for count three, 12 months in prison for count four and nine months in prison for count five. The judge said the sentence should serve as a lesson to the public that crime does not pay.

The sentences are to run concurrently and she is to restitute the bank of N11,150,000 (Eleven Million One Hundred and Fifty Thousand Naira) or addition 18 months in prison.

SOURCE: http://onlinereviewng.com/blog/2019/07/22/loretta-bayei-for-fraud/

Good. Let polithiefians be next

Dem no dey thief bank money go Scot free .

EFCC always leaving the shark and feasting on the fry.

These are the real people flexing the monies of our deceased loved ones.....

The judge was merciful, really merciful.

The koko is that N11,150,000 . Where's she to get that from in the event she's blown most of it?

GOFRONT:
These are the real people flexing the monies of our deceased loved ones.....

life is nothing

Hmmm.. woman for dat matter..

Lalasticlala FP material

Corruption has no gender...

Hope they fish out the other beneficiaries.

Nice.

We hope Goje's trial is coming up nicely?

Original yahoo girl.

grandstar:
The judge was merciful, really merciful.

The koko is that N11,150,000 . Where's she to get that from in the event she's blown most of it?

did you see the easy option?

Either she pays the bank 11 million or do another 18 months in jail.


She will prefer the latter even if she has the money

NaijaRoyalty:
Dem no dey thief bank money go Scot free .

Thank you. Not in this life, not in the life to come. Not in your previous life sef.

But if na another person money loss, them go lock up. Bank sef go thief your money and you no go fit do them anything. You go dey look dem korokoro and your money dey go. What a life.

Definitely a good development to restore investors' confidence in our banks..

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grandstar:
The judge was merciful, really merciful.

The koko is that N11,150,000 . Where's she to get that from in the event she's blown most of it?

..She will spend additional 18 months

sotall:
did you see the easy option?

Either she pays the bank 11 million or do another 18 months in jail.


She will prefer the latter even if she has the money

I will prefer the latter too. With 2k a day in prison, you can live relatively well. Prison nah prison.

auntysimbiat:

[b]The sentences are to run concurrently [/b]and she is to restitute the bank of N11,150,000 (Eleven Million One Hundred and Fifty Thousand Naira) or addition 18 months in prison.

SOURCE: http://onlinereviewng.com/blog/2019/07/22/loretta-bayei-for-fraud/

Does this mean she gets to spend maximum of 2years in prison? Anyway, we are waiting for EFCC to do the needful by asking the likes of Gandollar to show up.

"CRIME" and "TIME" are like inseparable Siamese twins (especially for the common man in this part of the world).

If you do "CRIME", then watch out for "TIME".

grandstar:
The judge was merciful, really merciful.

The koko is that N11,150,000 . Where's she to get that from in the event she's blown most of it?

Very simple. She'll do additional 18 months in prison bringing the total time to 3 years and 6 months. She'll be due for parole in two years so why bother to pay? Sentences like this make criminals think crime does pay.

But the judge can give yahoo boys five years term.

Money has changed hands.

"The more you steal, the lesser term you get"

grandstar:
The judge was merciful, really merciful.

The koko is that N11,150,000 . Where's she to get that from in the event she's blown most of it?

And if she does not have 11m to repay the bank, she serves additional 18months in prison. How is this lenient? All sentencing to run concurrently. Meaning the highest sentence of 2 years or 24 months is what she will serve. All other ones falls under. Even the additional 18 months, is still in the concurrent. So in the end she spends 16months in prison. (2 years is 16 months) in prison calendar. She stole 36m serves 1 year 4 months in prison. Hmmmm.

Additional 18 Months imprisonment or 11 Million Naira Restitution,........ What do you think?
LIKE for the Former and SHARE for the Latter

NaijaRoyalty:
Dem no dey thief bank money go Scot free .

If I see bank 500 million I go move am then enter Laos, you sabi that country?

Na dem