N3m Fraud: Gombe Court Fines Convict N20 (Twenty Naira) In Lieu Of 3-Year-Jail Term

By Adadareporters

Justice Abdul Hamid of Gombe High Court has fined one Rose Dogara Silas Gyar #20 (twenty naira) to avoid going to jail for three years. Gyar was convicted of N3 million fraud.

She was arraigned before Justice Hamid by the Gombe Zonal Command of the Economic and Financial Crimes Commission for swindling one Saifullahi Sani Abdullahi of the sum of N3 million in the guise of helping him to obtain a loan under the Central Bank of Nigeria’s Anchor Borrowers Programme.

Gyar and one Mohammad Babayo Maina promised to enroll Abdullahi in CBN’s Anchor Borrowers’ Programme for farmers with a promise that he would receive funding and farm input from the apex bank.

The charges filed in court by EFCC accused Gyar and her accomplice of demanding N3 million as collateral for the loan.

However, Abdullahi dragged them to EFCC when he did not get anything from the CBN and could not get a refund from Gyar and her accomplice.

Gyar was arraigned on one.-count charge bordering on cheating to the tune of N3,000,000.00 contrary to Section 322 of the Penal Code.

She pleaded “guilty” to the charge when it was read to her, upon which prosecution counsel, M.D Aliyu, prayed the court to convict and sentence her accordingly.

However, the defence counsel, S.O Kumu, pleaded with the court to temper justice with mercy. He claimed his client had shown remorse and has fully restituted the proceeds of crime to her victim.

Justice Hamid convicted and sentenced her to three years imprisonment with an option of a fine of #20.00 (Twenty Naira only).

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