EFCC Arraigns Ex-bank Director For Alleged N26.6bn Fraud

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The Economic and Financial Crimes Commission yesterday arraigned a former Director of Bank PHB (now Keystone), Funmi Adenmosun, before the Federal High

The EFCC docked Adenmosun alongside his company, Home Trust Savings and Loan Limited and a private company, Rare Properties and Development Limited before Justice Daniel Osiagor on a 10-count charge of conspiracy and money laundering.

The defendants were also accused by the anti-graft agency of fraudulently converting the proceeds of private placement raised from the public in the name of Investments & Allied Assurance Plc.After his plea was taken, the EFCC counsel, Rotimi Oyedepo urged the court to fix a trial date and to remand the defendant in custody of the Nigerian Correctional Services , till the conclusion of the trial.

But the defence lawyer, Wale Adesokan informed the court that a bail application dated January 13, 2022 had been filed and same had been served on the prosecution. Adesokan, therefore, prayed the court to hand over Adenmosun to him assuring the court that he would always attend to his case.

 

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