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

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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.

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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.

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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.

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Hamilton Nwosa

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