The Economic and Financial Crimes Commission has secured a five-year conviction of a former Managing Director of Bonghe Micro Finance Bank, Grace Karka, for her role in a N32m fraud, with an option of fine
Punch Metro learnt in a statement by the EFCC on Thursday that the agency received a petition from the bank alleging that the defendant transferred N32m while she was the bank’s MD to an unknown account.
The statement noted that the petitioner said the fraudulent act was discovered during an audit of the bank’s account domiciled with a commercial bank.
She was subsequently arraigned before Justice Benjamin Lawan Manji of the Adamawa State High Court on counts of criminal conspiracy and cheating.
One of the charges read: “That you, Grace Andreas Karka and Prince Moses Batalu, between August 2020 and March 2021 in Yola, Adamawa State, within the jurisdiction of this honourable court, did agree amongst yourselves to do an illegal act, to wit theft of N66,792,960.00 from Bonghe Micro Finance Bank Nigeria Limited (account number 2013668857 domiciled with First Bank Nigeria Limited) by dishonestly moving the said sum without necessary approval, contrary to Section 61(2) of the Adamawa State Penal Code Law 2018.”
According to the statement, the defendant was arraigned in November 2024, but she pleaded not guilty, which led to a full trial.
The EFCC said during the trial, the prosecutor presented witnesses and tendered several documents, while the defendant presented three witnesses.
One of the charges read: “That you, Grace Andreas Karka and Prince Moses Batalu, between August 2020 and March 2021 in Yola, Adamawa State, within the jurisdiction of this honourable court, did agree amongst yourselves to do an illegal act, to wit theft of N66,792,960.00 from Bonghe Micro Finance Bank Nigeria Limited (account number 2013668857 domiciled with First Bank Nigeria Limited) by dishonestly moving the said sum without necessary approval, contrary to Section 61(2) of the Adamawa State Penal Code Law 2018.”
According to the statement, the defendant was arraigned in November 2024, but she pleaded not guilty, which led to a full trial.
The EFCC said during the trial, the prosecutor presented witnesses and tendered several documents, while the defendant presented three witnesses.
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