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| Ukos |
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| Ukosanya |
The Economic and Financial Crimes
Commission today, March 21, 2013 arraigned the duo of Mr. Innocent Ejike Ukosanya
and Ekirere Sam Ukos, Managing Director and Risk Asset Manager, respectively of
Peace Micro Finance Bank on a four count charge before the Federal High Court,
Abuja for allegedly conspiring among themselves to grant credit facilities to
the tune of N45million in contravention of the laid down procedures of the bank.
The accused who were arraigned before
Justice Elvis Chukwu pleaded not guilty to the charge.
One of the charges read, “that you
Innocent Ejike Ukosanya being the Managing Director/CEO of Peace Microfinance
Bank Limited, Wuse Abuja; Ekirere Sam Ukos being the manager, Credit and Risk
Asset Management of Peace Microfinance Bank Limited Wuse Abuja, on the 7th
August, 2009 in Abuja within the Abuja Judicial Division of the Federal
High Court of Nigeria, approved the grant/facility of N25,000,000 (twenty-five
million naira) to one Mrs. Rabi Ali, Managing Director, Rabmercy Nigeria
Limited as Bank Guarantee in contravention of the laid down procedure of Peace
Micro Finance Bank limited, Wuse Abuja, and thereby committed an offence
punishable under Section 19(4) of the Failed Banks (Recovery of Debts) and
Financial Malpractice in Banks Act No. 18 of 1994 Cap. F2 Laws of the
Federation of Nigeria, 2004 and punishable under Section 16(1) (a) of the same
Act.”
Justice Chukwu granted bail to the
accused persons in the sum of N20million and a surety in like sum. The surety
must show proof of ownership of property within the jurisdiction of the court
and, also evidence of tax payment for the last two years.
The case was adjourned to April 23, for trial.,
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