$166.9m Fraud: 2 Microfinance Bank Chiefs Face Trial

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Attorney General of the Federation and Minister of Justice, Abubakar Malami

Akin Kuponiyi

A Federal High Court, sitting in Lagos, southwest Nigeria on Friday fixed the trial of the Managing Director of Integrated Microfinance Bank Plc, Simon Ademola Akinteye, and his deputy, Gabriel Adepoju, till June 22, 2017.

Akinteye and Adepoju were arraigned before the court by the office of the Attorney-General of the Federation and Minister for Justice, on a 10-count criminal charge of granting over $166.9 million to themselves without collaterals.

The two bank chiefs in a criminal charge number FHC/L/234c/16, were alleged to have recklessly without collateral approved credit facilities running into $166.9 million, and N33.250 million to themselves and one Mrs. Temitope Muhammed Imam.

Akinteye was alleged to have at different times withdrew from the bank’s account the total sum of N11…

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