EFCC Arrests 3 Top Bankers Over N855m Fraud [1]

GFP Note: N855,000,000 is about $5.5 million.

Information Nigeria
Posted by Tolex, August 9, 2012

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The Economic and Financial Crimes Commission has arraigned three officials of the defunct Bank PHB (now Keystone Bank Plc), the bank itself and a firm, Nulec Industries Limited for fraud totaling N855,000,000.

The bank officials – Ananyo Nwosu, Olajide Oshodi, Sunny Obazee, and the Managing Director, Nulec Industries, Mr. Ashok Isran – were arraigned before a Laos High Court in Ikeja.

To read the rest of this story, visit informationnigeria.org. [3]