9th December, 2010
The absence of judge at the Federal High Court, Ibadan today stalled the arraignmentÂ of six former members of staff of Diamond Bank PLC, a female customer and her threeÂ firms over a five-count charge of allegedly granting of unsecured N7.8 billionÂ facilities and money laundering.
The accused persons being prosecuted by the Economic and Financial Crimes CommissionÂ (EFCC)are Adesoji Adekunle, Utienyen Obioru, AbdulAzeez Salau, Chukwuma Kalu,Â Gbolahan Ladoja and Tokunbo Obayemi.
Others are Mrs Modupe Sobodu (customer) and her three firms: Dupsob NigeriaÂ Limited, Nukep Nigeria Limited and Mofadeb Investment Limited.
According to the charge sheet, the accused persons were involved in granting theÂ customers â€œunsecured and unauthorized credit facilities to the tune of N7.8 billionÂ contrary to the Failed Banks (recovery of debts) and Other Financial Malpractices inÂ Banks Act Law of the Federation of Nigeria 2004.â€
They were also charged with granting of credit facility against the security ofÂ Diamond bank shares to the tune of N7.8 billion, an offence contrary to the BanksÂ and Other Financial Institutions Act laws of Federation of Nigeria 2007.â€
The commission also chargeÂ them of conspiracy to launder money contrary to SectionÂ 17A of the Money laundering Act 2004.
Earlier, an Abuja High Court had restrained the EFCC from arresting, detaining or inÂ any way interfering with the fundamental human rights of five former bankers in a 28Â October judgment.