I Collected $2.267m Cash From Adoke, Ex-Unity Bank MD Tells Court

★★★★★★★★★★★★★★★★★★★★★
CLICK TO DOWNLOAD CHUCKY G ENT MOBILE APP
★★★★★★★★★★★★★★★★★★★★★

A Federal High Court in Abuja heard on Thursday how former Minister of Justice and Attorney General of the Federation (AGF), Mohammed Adoke, paid $2,267,200 in cash in his house to a banker.

Rislanudeen Mohammed, a former Acting Managing Director of Unity Bank Plc, told the court that Adoke owed his bank N300 million.

Mohammed said when the ex-AGF wanted to pay, he called him (Mohammed) to his house and handed him $2,267,200 in cash in a black bag allegedly taken from the boot of his (Adoke’s) car.

TRENDING:  BBNaija 2020: Ozo Speaks On Nengi Replacing Erica As Kiddwaya’s Lover

The banker, who now works with the Bank of Industry (BoI), gave details of his relationship with Adoke while testifying as the second prosecution witness in the trial of the ex-AGF and a businessman, Aliyu Abubakar, on money laundering-related charges.

Led in evidence by the lead prosecution lawyer, Bala Sanga, the banker said following his appointment, he discovered that Adoke had a N300 million loan facility with his bank, which was still outstanding.

The witness, who said the ex-AGF is his long-time friend, told the court that one of his colleagues sought his assistance to enable Adoke access N300 million facility for about five years.

TRENDING:  Minister Of Aviation, Hadi Sirika Reveals ‘Personal’ Coronavirus Therapy

He said although the facility was a temporary overdraft, which normally should not exceed 30 days, the process, including the documentation and payment of the requisite two per cent fee, amounting to N6 million, was not completed.

Mohammed said, at a point, when officials of the Nigeria Deposit Insurance Corporation (NDIC) and the Central Bank of Nigeria (CBN) came to assess Unity Bank’s liquidity status in view of the prevalence of non-performing loans, they identified Adoke’s account and threatened to name the account as among those belonging to politically exposed persons who are responsible for the collapse of banks.

TRENDING:  “Kanye West Is Suffering From Mental Illness” – Kim Kardashian West

The witness averred that because Adoke is his friend, he pressurised the ex-AGF to repay the loan to avoid his name being made public.

Under cross-examination by Adoke’s lawyer Kanu Agabi (SAN), the witness said he acted as an agent of Unity Bank in his dealings with Adoke.

 

The post I Collected $2.267m Cash From Adoke, Ex-Unity Bank MD Tells Court appeared first on Naijaloaded | Nigeria's Most Visited Music & Entertainment Website.

Source: New feed

Leave a Reply

Your email address will not be published. Required fields are marked *

Next Post

Igbo Group To Raise N500m For 2023 Presidency

Fri Aug 14 , 2020
Post Views: 243 8 ★★★★★★★★★★★★★★★★★★★★★ CLICK TO DOWNLOAD CHUCKY G ENT MOBILE APP ★★★★★★★★★★★★★★★★★★★★★ A group, the World Igbo Peoples Assembly (WIPAS), on Thursday said it would raise N500 million to ensure someone from the Southeast is elected President in 2023. Its spokesman, Chief Emeka Nwachukwu, said it was long […]
Copyright All right reserved Theme: Default Mag by ThemeInWP