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The Lagos State High Court sitting in Ikeja has convicted and sentenced a former Managing Director, Finbank Plc, Okey Nwosu, to three years imprisonment for over N10.9 billion fraud.
The Economic and Financial Crimes Commission (EFCC) had arraigned Mr Nwosu alongside Dayo Famuroti, Agnes Ebubedike and Danjuma Ocholi on a 26-count amended charge bordering on stealing and illegal conversion to the tune of N10,934,704,402.
The defendants, who perpetrated the fraud while they were directors of the bank, pleaded not guilty to the charge preferred against them, thereby leading to their full trial.
In the course of the trial, the prosecution counsel, Rotimi Jacobs, called witnesses and also tendered several documents that were admitted in evidence against the defendants.
By David-Chyddy Eleke
The Chairman of Inter Party Advisory Council (IPAC), Prince Isaac Onuka, has resigned from the position, following the de-registration of some political parties by the Independent National Electoral Commission (INEC).
Onuka, a former state chairman of the Peoples Democratic Congress (PDM), from where he became the chairman of IPAC in the state, recently moved to the Allied Peoples Movement (APM) following the de-registration of the former.
Speaking at a press conference to announce his resignation, Onuka said the de-registration of 74 registered political parties in the country destabilized the country’s political party administration, as chairmen of the affected parties lost control of their areas.
De-registration of parties: Anambra IPAC chairman resigns
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The chairman of Inter Party Advisory Council, IPAC, Prince Isaac Onuka, has resigned from the position, following the earlier de-registration of some political parties by the Independent National Electoral Commission (INEC).
Onuka, who was formally the state chairman of Peoples Democratic Congress (PDC), from where he became the chairman of IPAC in the state, recently moved to Allied People’s Movement, following the deregistration of the former.
Speaking at a press conference to announce his resignation, Onuka said de-registration of 74 registered political parties in the country destabilized the country’s political party administration, as chairmen of the affected parties lost control of their areas.
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