Justice Dije Abdu Aboki on February
21, 2013 convicted and sentenced Funsho Olayele and Ayoade Peter Abiola to two
years imprisonment with option of N410, 000 (Four Hundred and Ten Thousand
Naira) fine each.
The first accused was ordered to pay a compensation of N700,
000, while the second accused had already restituted the victim in the course
of investigation.
The convicts, both former staff of Intercontinental
Bank Plc (now Access Bank Plc) were arraigned by the Economic and Financial
Crimes Commission on six count charge of conspiracy and misappropriation of
funds.
Part of the
charge read,”that you
Olaleye Funsho, Ayoade Peter Abiola and others at large on various dates
between 11th November, 2009 and 29th January, 2010 at Kano within
the jurisdiction of the High Court of Kano State while being officers of
Intercontinental Bank Plc (now, Access Bank Plc) misappropriated the total sum
of N2,700,000.00 (Two Million and Seven Hundred Thousand Naira only) by taking
out of the possession of the Bank through the account of the Bank’s customer,
Akkad Trading Company Limited and you thereby committed an offence contrary to
section 308 and punishable under section 309 of the same Penal Code”.
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