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Stealing

Jun 18, 2025

FRN vs Loretta Bayei (Former Staff of UBA)

Humans

Loretta Bayei

Money bag

N12,800,000.00
Amount allegedly stolen

Money bag

Case Summary
The Defendant, alongside one Bolanle Ajoke Shogbesan (still at large) and Adekunle Rusenwe (still at large), were alleged to have conspired among themselves to steal the sum of N38,501,732.05 from United Bank of Africa (UBA), which N12,800,000.00 was traced to the Defendant.

Calendar

738
Day(s) case tried in court

Gavel

Case Update
The defendant changed her plea from 'not guilty' to 'guilty' and was subsequently convicted and sentenced to six (6) months in prison for count one, two (2) years in prison for count two, 18 months in prison for count three, 12 months in prison for count four and nine (9) months in prison for count five. The sentences are to run concurrently and the convict is to restitute to the bank, the sum of N11,150,000 or serve an addition of 18 months imprisonment.

Court house

Hon. Justice D. A. Aboki
State High Court, Kano

Legislation

ACJA/ACJL Compliance - complied

Case Information
Loretta Bayei
Presiding Judge & Designated Court
Hon. Justice D. A. Aboki, State High Court, Kano
Nature and Number of Charges
5-count charge bordering on conspiracy and theft.
Date of 1st Arraignment
Jul 14, 2017
Summary of Case
The Defendant, alongside one Bolanle Ajoke Shogbesan (still at large) and Adekunle Rusenwe (still at large), were alleged to have conspired among themselves to steal the sum of N38,501,732.05 from United Bank of Africa (UBA), which N12,800,000.00 was traced to the Defendant.
Defendant(s) and Plea entered on Arraignment
1. Loretta Bayei (Ex UBA Banker) – Not Guilty
Defence Counsel(s)
1. B.P Achi (Lawyer)
Prosecuting Agency
Economic and Financial Crimes Commission
Prosecutor(s)
1. Musa Isah (Lawyer)
Status of Case
Decided
Decision
Convicted
Length of Trial
738 day(s)
ACJA/ACJL Compliance
Complied
Court Decision
The defendant changed her plea from 'not guilty' to 'guilty' and was subsequently convicted and sentenced to six (6) months in prison for count one, two (2) years in prison for count two, 18 months in prison for count three, 12 months in prison for count four and nine (9) months in prison for count five. The sentences are to run concurrently and the convict is to restitute to the bank, the sum of N11,150,000 or serve an addition of 18 months imprisonment.