GFP Note: N855,000,000 is about $5.5 million.
Information Nigeria
Posted by Tolex, August 9, 2012
The Economic and Financial Crimes Commission has arraigned three officials of the defunct Bank PHB (now Keystone Bank Plc), the bank itself and a firm, Nulec Industries Limited for fraud totaling N855,000,000.
The bank officials – Ananyo Nwosu, Olajide Oshodi, Sunny Obazee, and the Managing Director, Nulec Industries, Mr. Ashok Isran – were arraigned before a Laos High Court in Ikeja.
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