High Court, Bauchi, has convicted and sentenced Sarita Hello, Managing Director of Workman Microfinance Bank, to four years imprisonment for a fraud involving over N4.8 million.Economic and Financial Crimes Commission ,
Wilson Uwujaren, said the judge, M.M. Abubakar, convicted Ms Hello on two counts of misappropriation and forgery The anti-graft agency had alleged in the charges filed against her that the offences were contrary to section 308 and 363 of the Penal Code Law and punishable under section 309 and 364 of the same law.
She was said to have sometime in 2020 as the Managing Director of the Microfinance Bank, “misappropriated the sum of N4,786,700.00 ”. The commission alleged that she used the password of the Head, Credit Unit of the bank, to gain access to systems and created fictitious names, generated fraudulent loan requests, approved and paid the same to herself.
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