Lady Convicted Of N3m Fraud Avoids 3-Year Jail Term With N20k Fine

In a verdict that may seem lighter than a slap on the wrist, Gombe High Court Judge Abdul Hamid has handed down an unconventional sentence, asking the accused Rose Dogara Silas Gyar to pay a mere N20,000 to avoid a three-year jail term for her one-count charge related to a N3 million fraud.

Gyar faced charges brought by the Gombe Zonal Command of the Economic and Financial Crimes Commission (EFCC) for defrauding Saifullahi Sani Abdullahi of N3 million. The scam involved promising to assist him in obtaining a loan under the Central Bank of Nigeria’s Anchor Borrowers Programme.

The EFCC detailed that Gyar and her accomplice, Mohammad Babayo Maina, convinced Abdullahi that they would enroll him in the CBN’s Anchor Borrowers’ programme, pledging funding and farm input from the apex bank. However, the accused demanded N3 million as collateral for the loan, leaving Abdullahi with nothing when the promised benefits did not materialize.

Facing a one-count charge of cheating, Gyar pleaded guilty, prompting the prosecution counsel, M.D Aliyu, to request the court’s conviction and sentencing. The defense counsel, S.O Kumu, appealed for mercy, highlighting Gyar’s remorse and her full restitution of the proceeds of the crime to the victim.

Justice Hamid delivered a sentence of three years imprisonment with the option of a fine of N20,000 (Twenty Naira only).

In a separate incident, EFCC operatives from the Gombe Zonal Command arrested Yusufu Tanimu for Automated Teller Machine (ATM) card fraud in the state capital. Tanimu’s arrest followed intelligence on his suspected involvement in ATM card fraud in Ecobank Plc. Recovered items included 33 ATM cards from different banks, a Techno phone, and an ATM card holder. Once investigations into his activities conclude, he will face charges in court.

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