MKO Abiola’s wife, Doyin arrested for fraud
Former Managing Director of the defunct Concord Newspapers, Dr. Doyin
Abiola has been arraigned before the Federal High Court, Lagos, for
fraud, Sahara Reporters claims.
A press statement signed by Police Public Relations Officer DSP Ngozi Isintume-Agu reads thus:
“The Financial Malpractices Investigation Unit (FMIU) of Special
Fraud Unit (SFU) says that between 2006 and 2008, as a Director of the
Integrated Microfinance Bank, Dr. Abiola granted to herself without
collateral and approval from the Management, the sum of N26,611,246.48.
Dr. Abiola, of 42/46 Moshood Abiola Crescent, Ikeja, Lagos, and
wife of the late Chief Moshood Abiola, is one of four Managing Directors
or Directors of Integrated Microfinance Bank (IMFB) located at 6A
Adeniyi Jones Avenue, Ikeja, who were arrested and charged by the SFU.
The others are Akinteye Simon Ademola, Dr. Jerry Orimovuohoma and Oladapo Bello.
The SFU said the four officials of IMFB unauthorized credit
facilities to the tune of N327,566,000 to themselves and other related
companies without collateral and that the loans are still outstanding.
In the forensic investigation conducted by FMIU of SFU, the Directors
were found wanting in the discharge of their duties while on the Board
of Integrated Microfinance Bank (IMFB).
· Ademola of Plot 7, block 90, Mobolaji Ogunde Crescent, Magodo GRA
Phase 2, Lagos converted the sum of N131.176 million to his personal
use without approval.
· Orimovuohoma of 129B Oba Ladejobi Street, GRA, Ikeja granted
unauthorized credit facility to the tune of N29,200,000.00 to himself
without collateral.
· Bello of 23/25 Ijora Causeway, Ijora, Lagos recklessly granted the sum of N3,200,000.00 to himself without collateral.
The bank liquidity was greatly affected with the sum the directors took” the statement reads.
The case comes up at the Federal High Court on December 10,2013.
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