Justice I.B. Gafai of the Federal High Court, Awka, Anambra State has convicted and sentenced former managing director of Achina Microfinance Bank, Aguata, Mr. Jonathan Nnamdi Udemadu to 11 months imprisonment for multiple fraud. The convict was prosecuted by the Enugu Zonal Office of the Economic and Financial Crimes Commission, EFCC on nine-count charges of abuse of office, forgery, issuance of dud cheque and fraudulent conversion of depositors fund to the tune of N66,633,000.00 (Sixty-Six Million, Six Hundred and Thirty-three Thousand Naira). The complainant, Achina Microfinance Bank had petitioned the…
Read MoreCourt Jails Former Bank MD For N66.6m Fraud
