Court convicts ex-Integrated Microfinance Bank MD for $166.9m fraud

Court convicts ex-Integrated Microfinance Bank MD for $166.9m fraud

Justice Mojisola Olatoregun of a Federal High Court, Lagos on Monday convicted a Managing Director of the defunct Integrated Microfinance Bank Ltd., Simon Akinteye, for fraud totalling 166.9 million U.S. dollars. Olatoregun found Akinteye guilty of all the nine counts of the charge bordering on reckless granting of loans. The charge was preferred by the […]
Source: Court convicts ex-Integrated Microfinance Bank MD for $166.9m fraud

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