EFCC Arraigns Insurance Broker for Diversion of N26bn PHCN S…

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EFCC Arraigns Insurance Broker for Diversion of N26bn PHCN Severance Benefit

The Economic and Financial Crimes Commission, EFCC, on Thursday, 25 February, 2021 arraigned Abiodun Waheed Hassan and his Company

Bestworth Insurance Brokers Limited before Justice S.C Oriji of the Federal Capital Territory High Court, Apo, Abuja on a five count charge of alleged criminal breach of trust and misappropriation of funds to the tune of over Twenty Six Billion Naira (N26billion).

The defendant allegedly diverted humongous sums of money earmarked for the payment of outstanding insurance premiums and claims of deceased and incapacitated staff of Power Holding Company of Nigeria (PHCN), into the corporate… Mehr


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Source: EFCC News