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EFCC to arraign sacked bank chiefs in Nigeria.

Global Banking News-26 August 2009-EFCC to arraign sacked bank chiefs in Nigeria(C)2009 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 26 August 2009(c)2005 - Electronic News Publishing - http://www.enpublishing.co.uk

Nigeria's Economic and Financial Crimes Commission (EFCC) chairman, Farida Waziri, has disclosed that detained bank executives would be arraigned soon.

Waziri had confirmed earlier that EFCC had arrested top executives of Intercontinental Bank. Some other executives of top banks have also been arrested, and their charged offences range from money laundering, advancing loans under fictitious conditions and conspiracy involving huge sums.

Waziri said the executives would be arraigned because 'it is within the law for every Nigerian to seek legal redress against perceived wrong but we want to counsel the Bench not to consider any frivolous interlocutory application from bank debtors at this particular point in time.'

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Publication:Global Banking News (GBN)
Date:Aug 26, 2009
Words:164
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