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Former Nigerian bank MD jailed for fraud - Premium Times Nigeria

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Former Nigerian bank MD jailed for fraud

A Lagos State High court has sent a former Managing Director of New Prudential Mortgage Bank Limited, Adetunji Abudu, to two years imprisonment for N195m fraud.

According to the commission, Mr Abudu obtained a N35 million loan and another N110 million loan without authorisation while being the Managing Director of the bank. In the course of the trial, the lead prosecution counsel, A.B.C. Oziokor called seven prosecution witnesses and tendered several documents that were admitted in evidence by the court, while the defence presented five witnesses.Delivering his judgment on Justice Buba found the defendant guilty on counts one, two, three and four, as charged.

 

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Ex-New Prudential Bank MD, Abudu bags 2-year jail term over N195m fraud - Daily Post NigeriaA Federal High Court sitting in Ikoyi, Lagos, Thursday convicted former New Prudential Bank, Managing Director Adetunji Abudu and sentenced him to two year
Source: DailyPostNGR - 🏆 11. / 59 Read more »

Ex-New Prudential Bank MD, Abudu bags 2-year jail term over N195m fraud - Daily Post NigeriaA Federal High Court sitting in Ikoyi, Lagos, Thursday convicted former New Prudential Bank, Managing Director Adetunji Abudu and sentenced him to two year
Source: DailyPostNGR - 🏆 11. / 59 Read more »