Nigeria, Oct. 31 -- The Adamawa State High Court has convicted a former managing director of Bonghe Micro Finance Bank of theft, the Economic and Financial Crimes Commission (EFCC) said in a statement on Thursday.

According to the statement on Thursday, the judge, Benjamin Manji, found Grace Karka guilty of stealing N32 million from the microfinance bank.

In his judgement delivered on 17 October, the judge sentenced her to five years imprisonment with an option of N3 million fine on the two counts. Mr Manji ordered the sentences to run concurrently

The judge also ordered that the convict make the restitution of N29,877.040 to Bonghe Micro Finance Bank.

The EFCC instituted the case following a petition from the microfinance bank.

The ...