Alleged Fraud Ex-bank Director Arraigned For $360,000 Land Sale

A former Executive Director of Aso Savings and Loans Plc,
Maimuna Aliyu, has been dragged before Justice Dimgba of the
Federal High Court 10 sitting in Abuja for allegedly converting the
sum of $360,000, which was paid in December 2012 for three plots of
land in the Cadastral area of Abuja to his personal use.

The accused is being prosecuted by the Independent Corrupt
Practices and Other Related Offences Commission for diverting the
amount instead of remitting it to the bank.

In the one count, Aliyu was accused of receiving the money for
the sale of the said plots of land while acting as an executive
director of the bank. At the time the offence was committed, the
money had a naira equivalent of N57m.

The ICPC said the offence was contrary to Section 22 (1) (a) and
punishable under Section 30 (2) (1) (a) of the Foreign Exchange
Monitoring and Miscellaneous Provisions Act Cap, F34, Laws of the
Federation, 2004.

The charge read in part, “That you, Maimuna Aliyu, sometime in
December 2012 or thereabout at Abuja, being the Executive Director
(Retail) of Aso Savings and Loans Plc, Abuja, at the time, did
accept the sum of $360,000, the equivalent of N57m (at the time) in
cash, being the amount for the sale of Plots 2432, 2433 and 2434,
all in the Cadastral Zone B08, Jaji District, Abuja, from one
Babagana Bashir on behalf of Vincent Msheli.”

When the charge was read to her, the accused pleaded not guilty
and her lawyer, Mrs R. Okotie-Eboh, prayed the court to grant her
bail in liberal terms.

Although the counsel for the ICPC, Ekoi Akponimisingha, did not
object to the application, he, however, appealed to the court to
make her bail conditions stringent in order to ensure
compliance.

Justice Dimgba granted the accused bail in the sum of N5m with
one surety in like sum, who must be a civil servant not below Grade
Level 14 or if a businessman, must possess properties within the
jurisdiction of the court.

The bail conditions also include submission of her passport to
the court.

The judge ruled that Aliyu should be remanded in the Suleja
Prison if she failed to meet the bail conditions after 36
hours.

The case was adjourned till February 6, 2019, for further
hearing.