N57m Fraud: ICPC Arraigns Ex-Executive Director of Aso Savings


The Independent Corrupt Practices and Other Related Offences Commission (ICPC), arraigned a former Executive Director of Aso Savings and Loans Plc, Maimuna Aliyu, today Thursday 11th January, 2018, for defrauding the bank of N57 million.

The Commission in a 3-count charge before Hon. Justice M. A. Nasir of Federal Capital Territory (FCT) High Court No 16 sitting in Jabi, Abuja alleged that Maimuna used her position as the Executive Director of Aso Savings and Loans Plc, to confer corrupt advantage upon herself when she received the sum of N57, 000,000 being the proceeds of the sale of three plots of land in Jahi District, Abuja and failed to remit the said amount to Aso Savings. She also allegedly made false statement to officers of the Commission thereby contravening the provisions of Sections 19 and 25 of the Corrupt Practices and Other Related Offences Act, 2000 and punishable under the same Sections.

READ ALSO:   ICPC Arraigns Ex-Bank Staff For Alleged N14m Fraud

The accused is also facing a charge of criminal breach of trust when she allegedly diverted the sum of N57,000,000 to personal use, an offence that is contrary to Section 311 and punishable under Section 312 of the Penal Code.

Maimuna pleaded not guilty to all the charges and her counsel, Mr. Joe Gadzama, SAN in his bail application requested the court to grant his client bail on self-recognition and also on the basis that she is a first offender.

READ ALSO:   Buhari's Govt. Sets Up Committee To Auction Recovered Assets

Hon. Justice M. A. Nasir, in her ruling granted the accused bail in the sum of N10 million and two sureties in like sum, and they must be resident within the jurisdiction of the court.

The matter was adjourned to the 12th of March, 2018 for commencement of hearing.

Subscribe to Our VIP Newsletter

Previous articleBreaking: Ambode Reshuffles Cabinet, Drops 3, Appoints Bamigbetan New Info Commissioner
Next articleNDDC Steps up Job Creation Programmes
Hamilton Nwosa

The New Diplomat stands for ethical journalism, press freedom, accountable republic, and gender-equity. That is why at The New Diplomat, we are committed to speaking truth to power, fostering a robust community of responsible journalism, and using high quality polls, data, and surveys to engage the public with compelling narratives about political, business, socio-economic, environmental, and situational dynamics in Nigeria, Africa, and globally. From our insightful reports of political issues to our riveting investigations and analyses of business, socio-economic, and cross-cutting sectors, The New Diplomat remains ever committed to investigative reporting and ethical journalism. Support and partner with The New Diplomat today, to guarantee a positive future for all under an atmosphere of free press!


Please enter your comment!
Please enter your name here