Tag: Bank MD
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Court sentences bank MD to four years in prison for $166m fraud
Justice Mojisola Olatoregun of a Federal High Court, Lagos, Thursday, sentenced a former Managing Director of the defunct Integrated Microfinance Bank Ltd, Simon Akinteye to four years in prison, over 166.9 million dollars fraud. The court sentenced the convict to four years concurrent term of imprisonment on the nine count charge preferred against him by…
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Court sentences bank MD to 19 years imprisonment for N29m fraud
A Federal High Court in Lagos yesterday sentenced a former acting Managing Director of Century Microfinance Bank Limited, Olise Robinson, to 19 years imprisonment for stealing N29 million from the bank. Justice Okon Abang convicted Robinson of five counts of stealing, signature forgery, uttering of documents and criminal breach of trust. According to the Police…