A Excessive Court in Adamawa has sentenced Grace Andreas Karka, Managing Director of Bonghe Microfinance Bank, to 5 years in jail for her involvement in a ₦32 million fraud.
Justice Benjamin Lawan Manji discovered Karka responsible of legal conspiracy and dishonest, following a case filed by the Financial and Monetary Crimes Fee (EFCC).
In keeping with the EFCC, between August 2020 and March 2021, Karka and her confederate, Prince Moses Batalu, illegally transferred about ₦66.7 million from the bank’s account with out approval.
She pleaded not responsible when the case began in November 2024, however after a number of witnesses and items of proof had been introduced, the courtroom dominated that the prosecution had proved its case past affordable doubt.
Justice Manji sentenced her to 5 years in jail, with an possibility of paying a ₦3 million advantageous on every rely, each operating on the identical time. She was additionally ordered to refund ₦29.8 million to the bank.
The fraud got here to mild after an inner audit in 2021 revealed suspicious transfers from the bank’s account to somebody who wasn’t a buyer. Additional investigation confirmed that the transactions had been approved by Karka herself.
