Justice Dije Abdu Aboki on
February 21, 2013 convicted and sentenced Funsho Olayele and Ayoade Peter
Abiola to two years imprisonment with option of N410, 000 (Four Hundred and Ten
Thousand Naira) fine each. The first accused was ordered to pay a compensation
of N700, 000, while the second accused had already restituted the victim in the
course of investigation.
The convicts, both former
staff of Intercontinental Bank Plc (now Access Bank Plc) were
arraigned by the Economic and Financial Crimes Commission on six count charge
of conspiracy and misappropriation of funds.
Part of
the charge read,”that you Olaleye Funsho, Ayoade
Peter Abiola and others at large on various dates between 11th November,
2009 and 29th January, 2010 at Kano within the jurisdiction of the High Court
of Kano State while being officers of Intercontinental Bank Plc (now, Access
Bank Plc) misappropriated the total sum of N2,700,000.00 (Two Million and Seven
Hundred Thousand Naira only) by taking out of the possession of the Bank through
the account of the Bank’s customer, Akkad Trading Company Limited and you
thereby committed an offence contrary to section 308 and punishable under
section 309 of the same Penal Code”.
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