The Economic and Financial Crimes Commission on Monday opposed a no-case application filed by the former Managing Director of Finbank, Mr. Okey Nwosu, and three others.
Nwosu and three former directors of Finbank -Dayo Famoroti, Danjuma Ocholi and Agnes Ebubedike- were arraigned by the EFCC before Justice Lateefat Okunnu for allegedly stealing N10.9bn belonging to the bank.
The defendants had, on September 16, asked the court to dismiss the alleged theft charge preferred against them by the anti-graft agency in separate no-case submissions filed by their respective counsel.
However, the EFCC lead counsel, Mr. Rotimi Jacobs (SAN), during Monday’s proceedings, urged the court to dismiss the applications.
He said, “It is clear from the statement of the first defendant (Nwosu) that there was no board approval to give out the N22bn loan belonging to the bank.
“A prima facie case has been established in that regard. I also urge the court to dismiss the no-case submissions of the second, third and fourth defendants as a prima facie case has been made already. A counter affidavit has been filed in response to these submissions.”
Punch
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