Wife of billionaire businessman Basorun MKO Abiola, who was former
Managing Director of the defunct Concord Newspapers, Dr. Doyin Abiola has been
arraigned before the Federal High Court, Lagos, for fraud.
Dr. Abiola, along with three
other directors Directors of Integrated Microfinance Bank (IMFB) located at 6A
Adeniyi Jones Avenue, Ikeja, namely: Akinteye Simon Ademola, Dr. Jerry
Orimovuohoma and Oladapo Bello, were arrested and charged by the SFU
According to statement signed
by Police Public Relations Officer DSP Ngozi Isintume-Agu said that the
Financial Malpractices Investigation Unit (FMIU) of Special Fraud Unit (SFU)
said that between 2006 and 2008 the
four officials of IMFB unauthorized credit facilities to the tune of
N327,566,000 to themselves and other related companies without collateral and
that the loans are still outstanding. In the forensic investigation
conducted by FMIU of SFU, the Directors were found wanting in the discharge of
their duties while on the Board of Integrated Microfinance Bank (IMFB).
The break-down of the fraud is as follows:
Dr. Abiola granted to herself without collateral and approval
from the Management, the sum of N26,611,246.48.
· Ademola of Plot 7, block 90, Mobolaji Ogunde Crescent, Magodo
GRA Phase 2, Lagos converted the sum of N131.176 million to his personal use
without approval.
· Orimovuohoma of 129B Oba Ladejobi Street, GRA, Ikeja granted
unauthorized credit facility to the tune of N29,200,000.00 to himself without
collateral.
· Bello of 23/25 Ijora
Causeway, Ijora, Lagos recklessly granted the sum of N3,200,000.00 to himself
without collateral.
It was gathered that “The bank
liquidity was greatly affected with the sum the directors took,” the statement
said. The case comes up at the Federal High Court on December 10.
Source:
sahara reporters
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