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Amodu-Ode Arraigned for Diversion of N7m Bank Loan in Kaduna

by Present Nigeria
May 11, 2023
in News
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Amodu-Ode Arraigned for Diversion of N7m Bank Loan in Kaduna
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The Kaduna Zonal Command of the Economic and Financial Crimes Commission, EFCC on Tuesday May 9, 2023 arraigned one Nur’deen Olaitan Amodu-Ode. before Justice Daruis Khobo of the Kaduna State High Court on charges bordering on criminal breach of trust.

The defendant allegedly diverted a credit facility granted to him by his bank for the purchase of shares, and which was to be repaid within 180 days, for personal use.

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The defendant pleaded not guilty to the charge when it was read to him, prompting the prosecution counsel, Moses Arumemi to ask for a date for trial to commence.

But the defence counsel, A. Adama moved the application for the bail of the defendant.

Justice Khobo granted the defendant bail in the sum of N5, 000,000.00 (Five Million Naira) and one surety in like sum who must be a resident of Kaduna and must deposit his international passport with the registrar of the court.

The case was adjourned to July 4, 2023 for trial.

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