A statement signed by Police Public Relations Officer DSP Ngozi Isintume-Agu said that the Financial Malpractices Investigation Unit (FMIU) of Special Fraud Unit (SFU) said 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 said. The case comes up at the Federal High Court on December 10.
Culled from Sahara Reporters
Like any typical Nigerian will do. Steal money.
ReplyDeleteno one want to accept the reality LOL
Deleteemerging news blog
Maybe ur reality,not mine...d key 2 peaceful existence's contentment.
DeleteGod have mercy!
ReplyDeleteI'm not surprised. Na her late husband stock in trade- criminality(I.e. Electrification of Nigeria). They are one of the reasons we are still in darkness
DeleteGood for her!
ReplyDeleteFake ass pple!
Issorrai lemme comment my reserve for now.
ReplyDelete~BONARIO~says so via NOKIA3310
What!!! Fraud? Hmmm...
ReplyDeleteWaooo !!! Dats so funny pray God help us in dis country.
ReplyDeleteKeeping up with the Joneses again .....too many fakeness in Lagos, leaving above their means hence will resort to fraud just to have money
ReplyDeleteHow can this classy woman be caught up with Loan fraud , ooo well , maybe of this kind dey for lagos
Hmmmmmm money dey Naija ooo see as dey tin dey circulate around a particular system of people
ReplyDeleteThis is 9ja, where anything can happen!!! SMH (-_- ) ( -_-) (-_- )
ReplyDeleteCheck this out
Na them sabi,Next
ReplyDeleteOk
ReplyDeleteStupid police, was she an executive? So how can she grant a loan to her self without management approval beats my imagination. Someone pls explain maybe I'm the daft one.
ReplyDeleteExactly! U r. Didn't u read d part that says she was on d board or sth?
DeleteOne after d oda.... Buh trust me dis d only tin u wud hear abt d case..... Mtchew ¤DaGalTohBad
ReplyDeleteFemi falana and co will not start shouting now, if it were aviation minister now or goodluck jonathan that made this blunder, by now the would have been singing and calling for their heads. These guyz r just hypocrites and bloody tribalists.
ReplyDeleteDnt b an ass! U r d one been tribalistic here!
DeleteDon't be dumb nigger! These people don't hold any public offices OK?
DeleteThat is how they grant huge loans to themselves and later sweep the matter under the carpet.Imagine collecting these huge amounts from Microfinance banks
ReplyDeleteSeriously shaking my head 4 this country.the rich are getting richer while the poor are starving.God have mercy
ReplyDeleteNext!
ReplyDeleteAnd some people are gonna go "ooh,she's my inspiration"
ReplyDelete"awwww,I tap into her blessings"
Pffft!
The earlier we realized that the majority of these people are living off our wealth,the better it is for us.
Stop "tapping into blessings" that was stolen from you.
Stop "tapping into blessings" that was stolen from you, well said...I wish average Nigerian could reason like that and stop showering praises on those that loot from public funds !!
DeleteBe careful of the kind of blessings you tap into.
DeleteMich,riit on point.
ReplyDeleteAll these silly yoruba people should come and rant.... Femi falana, dino melaye and co..... Lemme hear the clowns celebrating June 12!
ReplyDeleteALL DIS BIG BIG AMOUNT DEY TURN MY HEAD KAIIII AM JUST LOOKING FOR 20,000 DOLLARS JUST THAT TO FURTHER MY EDUCATION O LORD PLEASE LET MY HELPER LOCATE ME O I DONT CARE IF D MONEY NA STOLEN SEF.... AMEN
ReplyDeleteshe is following her late husband(mko)footsteps.
ReplyDeleteAlwaz nt satisfy wit wat they already hav!
ReplyDeletenobody is above the law.
ReplyDeleteFinally, she has been arrested. Thought they were never gonna do anything about the liquidation of the MBank. She is in d league of Cecilia Ibru them, only this time, its on a Micro level.
ReplyDeleteGOD help us in dis country called nigeria of ours.
ReplyDeleteNigeria and Corruption. Can it ever end?
ReplyDeleteITT continues!
ReplyDeleteGreediness is not good, upon all the money dats this family has, this ole woman still dey thief peoples money, na God go judge o!
ReplyDeleteOnto the next one am nt suprised n dis woman is ugly if na mrs stella she to fine
ReplyDeleteThey are all THIEVES!!!
ReplyDeleteAt last justice is about to take its course. I worked @ the bank & we all knew the recklessness of Akinteye. He was ruthless, harassing female staff & all.
ReplyDeleteThey should all be made to pay back. Thieves!!!!
At last justice is about to take its course. I worked @ the bank & we all knew the recklessness of Akinteye. He was ruthless, harassing female staff & all.
ReplyDeleteThey should all be made to pay back. Thieves!!!!
Watch ur mouth... He was wreckless financially,Fine!! Bt u goin ova tu accusin him of bein ruthless and harrasin female staff,I totally would disagree.. #anu ofia
DeleteI.T.T - international thief thief? hope its not true
ReplyDeleteIt is well.
ReplyDeleteFFK the Oya over to you.
ReplyDeleteYes, that's true!!!
ReplyDeleteYes, that's true!!!
ReplyDeleteShe looks for motherly and innocent.
ReplyDeleteFFK & co, wia are u?
ReplyDeleteAkinteye Ademola is a born thief. Many people lost their lives because of IMFB and you think you can go free. God will punish you.
ReplyDeleteShe was a director,she couldn't have approved the loan single handedly.How come only her name was mentioned?Was the loan for her company?Something ain't right...
ReplyDeleteNa wa o..Pple no dey fear public funds again o!!!
ReplyDeleteIssorait#in tiwasvoice#
Na wa o..Pple no dey fear public funds again o!!!
ReplyDeleteIssorait
#singingintiwasvoice#
My 100k still de that bank and dem never pay me.
ReplyDeleteFFK over to you basket mouth . Linda post this oo.
ReplyDeleteEffect of deficient Corporate Governance. Bad leadership n greed.
ReplyDelete@ princess dee, my tort exactly., shd wouldn't ve done it all alone.
ReplyDelete@ princess dee, my tort exactly., shd wouldn't ve done it all alone.
ReplyDeleteUnfortunately, my dad worked with her husband till he died, most unfortunately my mum had a huge sum in that account and it went down with d bank.
ReplyDeleteI always wondered where she got the money to live the lifestyle long after Abiola died... but it's a shame really respected her.
ReplyDeleteMay the Good God SLap all of them with Left hand!
ReplyDeleteDEADEVIL