EFCC Press Release: Former FinBank MD, Okey Nwosu, Others Used Fake Customers’ Names To Acquire N18Billion Shares

EFCC Press Release: Former FinBank MD, Okey Nwosu, Others Used Fake Customers’ Names To Acquire N18Billion Shares

The three directors are: Dayo Famoroti, Danjuma Ocholi and Agnes Ebubedike.

EFCC Press Release: Former FinBank MD, Okey Nwosu, Others Used Fake Customers’ Names To Acquire N18Billion Shares

Sabo Yaro,  an operative of the EFCC, who is a prosecution witness in the on-going trial told the court that the Federal government in 2009 set up a task force comprising the EFCC, Central Bank of Nigeria, State Security Service, Nigeria Deposit Insurance Corporation and the police to look into the management of some bank and  discovered that the accused persons used their positions to  debit account of FinBank to the tune of N18 billion and credited same to Springboard Limited to purchase shares for bank customers.

 

Jacobs  tendered a 225 page  report of  the CBN and NDIC to the court  which was the findings  the  team that investigated the bank. The report was admitted as exhibit by the court. Justice Okunnu adjourned the matter till Wednesday, 28 November for continuation of hearing.

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