MKO Abiola's Wife Doyin Arrested For Fraud.

Published On: November 26, 2013, 9:48 am (7 years ago)
Author: Victor A. Ofoma
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 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....

Posted: (7 years ago) on 26-11-2013 09:48 AM | Gistmaniac
try them, if guilty send them to the jail ,, no more no less...
Posted: (7 years ago) on 26-11-2013 10:18 AM | Gistmaniac
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It is a shame !
Posted: (7 years ago) on 26-11-2013 10:20 AM | Hero
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very bad  Angry Angry    
Posted: (7 years ago) on 26-11-2013 10:27 AM | Gistmaniac
Reply
The rich also cry
Posted: (7 years ago) on 26-11-2013 10:40 AM | Newbie
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this is what Nigerians would have put up with
Posted: (7 years ago) on 26-11-2013 10:43 AM | Gistmaniac
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thieves Roll Eyes
Posted: (7 years ago) on 26-11-2013 11:39 AM | Hero
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She don chop her husband money finish?
Posted: (7 years ago) on 26-11-2013 11:57 AM | Addicted Hero
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She don chop her husband money finish?
Posted: (7 years ago) on 26-11-2013 11:57 AM | Addicted Hero
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micc micc (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.
Posted: (7 years ago) on 26-11-2013 12:01 PM | Hero
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rogues
Posted: (7 years ago) on 26-11-2013 12:06 PM | Gistmaniac
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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
Posted: (7 years ago) on 26-11-2013 12:29 PM | Gistmaniac
Reply
Once a thief will always be a thief

Posted: (7 years ago) on 26-11-2013 02:20 PM | Hero
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2bify 2bify (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
Posted: (7 years ago) on 26-11-2013 03:07 PM | Gistmaniac
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ok
Posted: (7 years ago) on 26-11-2013 03:24 PM | Addicted Hero
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 Shocked Shocked Shocked Shocked
Posted: (7 years ago) on 26-11-2013 03:48 PM | Hero
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 Shocked Shocked Shocked Shocked Shocked

Posted: (7 years ago) on 26-11-2013 03:50 PM | Addicted Hero
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Disgraceful

Posted: (7 years ago) on 26-11-2013 03:51 PM | Addicted Hero
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zoe61 zoe61 (f)
if this kind of ppl can defraud a bank what example are they seting for the youths
Posted: (7 years ago) on 26-11-2013 03:57 PM | Hero
Reply
Wahala
Posted: (7 years ago) on 26-11-2013 04:36 PM | Gistmaniac
Reply
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