MKO Abiola's Wife Doyin Arrested For Fraud.

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at 09:48 AM, 26/11/2013 (5 years ago)
(5978 | Gistmaniac) (m)


 Former Managing Director of the defunct Concord Newspapers, Dr. Doyin Abiola has been arraigned before the Federal High Court, Lagos, for fraud.

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 10,2013....


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steveoneal at 10:18 AM, 26/11/2013 (5 years ago)
(3183 | Gistmaniac) (m)
try them, if guilty send them to the jail ,, no more no less...
Reply
osamabinladin at 10:20 AM, 26/11/2013 (5 years ago)
(13649 | Hero) (m)
It is a shame !
Reply
ThoRam at 10:27 AM, 26/11/2013 (5 years ago)
(2750 | Gistmaniac) (m)
very bad  Angry Angry    
Reply
BoboLanko at 10:40 AM, 26/11/2013 (5 years ago)
(34 | Newbie) (m)
The rich also cry
Reply
Afrogotojail at 10:43 AM, 26/11/2013 (5 years ago)
(1463 | Gistmaniac) (m)
this is what Nigerians would have put up with
Reply
paulohking at 11:39 AM, 26/11/2013 (5 years ago)
(12345 | Hero) (m)
thieves Roll Eyes
Reply
dareper at 11:57 AM, 26/11/2013 (5 years ago)
(20460 | Addicted Hero) (m)
She don chop her husband money finish?
Reply
dareper at 11:57 AM, 26/11/2013 (5 years ago)
(20460 | Addicted Hero) (m)
She don chop her husband money finish?
Reply
micc at 12:01 PM, 26/11/2013 (5 years ago)
(9679 | Hero) (m)
That man still have my n1,500,000 till now. Please send them to jail without mercy and court I still need my money oo. If I can still get it.
Reply
gmarley at 12:06 PM, 26/11/2013 (5 years ago)
(2868 | Gistmaniac) (m)
rogues
Reply
sucre4u at 12:29 PM, 26/11/2013 (5 years ago)
(3026 | Gistmaniac) (m)
Upon all d money wey ur husband get? Kai money is smthin else o, nw u av tarnished ur name n dat of mko abiola's
Reply
mary11 at 02:20 PM, 26/11/2013 (5 years ago)
(18502 | Hero) (m)
Once a thief will always be a thief

Reply
2bify at 03:07 PM, 26/11/2013 (5 years ago)
(3686 | Gistmaniac) (m)
ABIOLA THIS ABIOLA THAT, EVERY NIGERIAN KNOWS THAT ABIOLA IS A THIEF, JUST LIKE OBJ, DANGOTE E.T.C, SO THIS WOMAN IS NOT WRONG COS SHE LEARN IT FROM THE  DEAD FOOLISH HUSBAND ABIOLA, ABI NO BE ABIOLA FELA TAKE SING ITT?Huh??? IF FELA CAN CALL HIM A THIEF, THEN IT MEANS ALL HIS FAMILES ARE THIEVES, MAKE CRAZE KILL THEM ALL, OLE
Reply
dickman2 at 03:24 PM, 26/11/2013 (5 years ago)
(34402 | Addicted Hero) (m)
ok
Reply
cocoeni at 03:48 PM, 26/11/2013 (5 years ago)
(14339 | Hero) (f)
 Shocked Shocked Shocked Shocked
Reply
Solidstonez at 03:50 PM, 26/11/2013 (5 years ago)
(37199 | Addicted Hero) (f)
 Shocked Shocked Shocked Shocked Shocked

Reply
Solidstonez at 03:51 PM, 26/11/2013 (5 years ago)
(37199 | Addicted Hero) (f)
Disgraceful

Reply
stephen153 at 03:56 PM, 26/11/2013 (5 years ago)
(30038 | Addicted Hero) (m)
eyah
Reply
zoe61 at 03:57 PM, 26/11/2013 (5 years ago)
(15313 | Hero) (f)
if this kind of ppl can defraud a bank what example are they seting for the youths
Reply
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