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Ex-Director of Finance, Niger Delta Ministry Bags One Year Imprisonment over N60m Fraud

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July 28, 2020
in Headline Stories, Judiciary, Top News
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Ex-Director of Finance, Niger Delta Ministry Bags One Year Imprisonment over N60m Fraud
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Gbenro Adesina

Justice Olukayode Adeniyi of the Federal Capital Territory, Abuja High Court has sentenced a former Director of Finance of the Niger Delta Ministry, Ayinla Abibu, to one year imprisonment over N60 million fraud.

He is also to forfeit two plots of land in Kubwa and Bwari of Abuja.

The convict was charged by ICPC for embezzling the sum of N60 Million from the Federal Government through the use of a front company, Zeocat Nigeria Limited, in March, 2014.

Abibu was charged before Justice Adeniyi for defrauding the Federal Government in collusion with a former Principal Accountant in the Ministry, Kabiru Poloma, by fraudulently withdrawing money from the Constituency Project account of the Ministry domiciled in the Central Bank of Nigeria (CBN).

The 60-year-old convict was said to have used the proceeds of the fraud to acquire a house in Ogbomosho, Oyo state and plots of land in Kubwa and Bwari of the Federal Capital Territory Abuja.

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Tags: Abuja High CourtAyinla Abibuformer Director of FinanceJustice Olukayode AdeniyiNiger Delta Ministry
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