Anti-corruption and elections / EFCC
Court Jails Former New Prudential Bank MD, Adetunji Abudu Two Years for N195m Fraud
The Economic and Financial Crimes Commission, EFCC, has secured the conviction and sentencing of Adetunji Abudu, a former Managing Director, New Prudential Mortgage Bank Limited, to two years imprisonment for N195m fraud before Justice I.N. Buba of the Federal High Court sitting in Ikoyi, Lagos. The convict was arraigned on Wednesday, February 17, 2016 on a four-count charge of acting in contravention of the Banks and Other Financial Institutions Act( BOFIA) 2004 to the tune of N195m( One Hundred and Ninety-five Million Naira). Abudu, while being the Managing Director of the bank, obtained a N…
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