© 2019 - International Centre for Investigative Reporting
ICPC arraigns former bank director for N57m fraud
THE INDEPENDENT Corrupt Practices and other Related Offences Commission (ICPC) on Thursday arraigned Maimuna Aliyu, a former executive director of Aso Savings and Loans Plc, on a one-count charge bordering on fraud and criminal diversion of funds to the tune of $360, 000 (three hundred and sixty thousand dollars).
Maimuna who was brought by the ICPC before Justice Nnamdi Dimgba of the Federal High Court 10, Central Area, Abuja for her alleged involvement in the sale of plots of land belonging to the bank but refused to remit the proceeds to the bank.
A part of the charge reads, “That you Maimuna Aliyu sometime in December, 2012 or thereabout at Abuja being the Executive Director (Retail) of Aso Savings and Loans Plc, Abuja at the time did accept the sum of about$360, 000 (Three hundred and Sixty Thousand Dollars) the equivalent of N57, 000, 000 (fifty-seven million naira) in cash being the amount for the sale of Plots 2432, 2433 and 2434 all in the Cadastral Zone B08, Jaji District Abuja from one Babagana Bashir on behalf of Vincent Mshelia…”
The ICPC stated that Aliyu, while acting as executive director, committed the alleged offence in December 2012, contrary to Section 22(1) (a) and punishable under Section 30 (2) (1) (a) of the Foreign Exchange Monitoring and Miscellaneous Provisions Act Cap, F34, Laws of the Federation 2004.
Aliyu pleaded not guilty to the charge, while her counsel Okotie Eboh prayed the court to grant her bail on liberal terms.
Responding to the bail application, the prosecuting counsel Ekoi Akpominisingha argued that the court should make her bail conditions stringent to ensure she complies with the bail terms.
Justice Dimgba in his ruling granted bail to the defendant in the sum of N5 million with one surety in like sum who must be a civil servant not below Grade Level 14 or if a businessman must possess properties within the jurisdiction of the court.
The bail conditions also include submission of her international passport to the court.
He further, ruled that the accused should be remanded in the Suleja prison if she fails to meet the bail conditions after 36 hours.
Justice Dimgba adjourned and fixed 6th February 2019 for trial.
In a related development, Kabiru Oladele, an executive officer of the Federal College of Agriculture, Ibadan, was also arraigned before the Oyo State High Court, Ibadan, for allegedly using false pretence and issuance of dud bank teller to the tune of N738, 200 ( seven hundred and thirty-eight thousand naira)
The Commission in a suit filed before Justice Akintola, of the Oyo State High Court, Ibadan, accused Oladele of defrauding the school when he collected N738, 200 as school fees from a part-time student without remitting same to the school’s account.
He was also accused of making false returns as well as presenting a fake bank teller to the college in respect of the said sum to be used as evidence of the school fees paid by the student.
The ICPC told the court that the alleged offence contravened Sections 16 and 19 of the Corrupt Practices and Other Related Offences Act, 2000 and punishable under the same sections.
Further, part of his alleged offence included presenting a false document to the institution with the intent that it may be acted upon as genuine, contrary to Section 465 of the Criminal Code Act, Laws of the Federation 2004.
Oladele pleaded not guilty to all the charges and was granted bail by the court in the sum of N2 million and two sureties who must reside within Oyo State.
Justice Akintola then adjourned the matter to 5th March 2019 for hearing.