Anti-corruption and elections / EFCC

N400m Fraud: Fraudster who Defrauded First Inland Bank Bags 32 Years

The Economic and Financial Crimes Commission, EFCC, on January 24, 2019 secured the conviction of one Ibrahim Suleiman who defrauded then First Inland Bank of N400, 700,000 (Four Hundred Million, Seven Hundred Thousand Naira) only. Suleiman was first arraigned in 2007 at a Federal High Court, sitting in Jos, Plateau State. He was re-arraigned on amended charges in 2011. One of the counts reads: “That you, Ibrahim Suleiman, on or about 29th June 2007 in Jos within the jurisdiction of the Federal High Court, retained in your account with First Inland Bank now FCMB Plc, the sum of N400, 700,000 o…