Former Chairman of Wema Bank Plc, Olapade Mohammed, has been arraigned before a Federal High Court sitting in Lagos by the Economic and Financial Crimes Commission (EFCC) for allegedly stealing about N2 billion belonging to AKS Steel.
Olapade, who was also the Chairman of AKS Steel, was arraigned alongside the former Managing Director of the company, Tony Obinwa and a director, Sanni Aliyu Mohammed.
The trio were alleged to have fraudulently conspired with others still at large to launder about N2 billion belonging to AKS Steel through some Nigerian banks to Dubai in United Arab Emirates (UAE) and then India.
The funds were …Read More
Source:: New Mail
