Kano Court Convicts Woman For Engaging In Fake Investment, Orders Her To Return N110m To Victims | Sahara Reporters

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Kano Court Convicts Woman For Engaging In Fake Investment, Orders Her To Return N110m To Victims | Sahara Reporters In his ruling, Justice Lewis Allagoa ordered her to pay her victims the sum of N110,000,000 as a compensation. READ MORE:

A Federal High Court sitting in Kano, on Tuesday, convicted a woman. Maryam Abu Shinga on one count of the preservation of proceeds of crime.

Shinga was reported to have deceived her victims into a sham gold mining investment, claiming the depositor stood to earn 300% profit. She claimed that when a depositor invests N500, 000, such an investor could earn N1,500,000 as proceeds on investment over a period of four weeks. The investigation, however, exposed that the convict was never into gold mining or any such investment. It was also disclosed that even though Shinga was able to pay some early investors with funds taken from investors who joined later, she allegedly diverted N394,541,910 belonging to several other investors.During the trial which began on January 23, 2020, the examination called five witnesses and tendered several documents in evidence.

In his judgment yesterday, Justice Allagoa accepted the terms of a plea bargain agreement, convicted, and sentenced the defendant to restitute the complainants in the sum of N110, 000,000.

 

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Just say for 419

tonyjokeapart

Good one. I hope officialEFCC will do quick on Tinubu's case..this woman na grandchild to pple like that..

Scam knows no bounds, gender or faith!

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