LAPO 7 docked for allegedly defrauding microfinance bank of N5.2m

Seven persons including two women were on Wednesday brought before a Minna Magistrates’ Court charged with defrauding LAPO Microfinance Bank of N5.2 million.

  • Published: , Refreshed:
7 docked for allegedly defrauding microfinance bank of N5.2m play

7 docked for allegedly defrauding microfinance bank of N5.2m

(Business Day)
24/7 Live - Subscribe to the Pulse Newsletter!

Seven persons including two women were on Wednesday brought before a Minna Magistrates’ Court charged with defrauding LAPO Microfinance Bank of N5.2 million.

The accused are Ibrahim Abdulkareem, Taofeek Abdulkareem, Umar Alhassan, Karim Jimoh, Ramatu
Abdul, Lateef Abiodun and Sherifat Ismaila.

They are standing trial on five counts of criminal conspiracy, criminal breach of trust, criminal
misappropriation, cheating and criminal intimidation.

The Police Prosecutor, Insp. Emmanuel Bassa, told the court that Mr Iyari Israel, the Manager of LAPO
Microfinance Bank, Minna, reported the case at the State Criminal Investigations Department on April 28.

Bassa alleged that the accused conspired and collected N5.2 million from the organisation as officials
of different co-operative societies.

According to him, the accused obtained the loans under the pretext of investing the money in agriculture
and other businesses.

“During investigations, 126 LAPO savings passbooks issued to their members were recovered from Ibrahim
while Karim threatened to kill a LAPO staff.”

The offences contravened Sections 97, 312, 309, 322 and 397 of the Penal Code.

They all pleaded not guilty and their lawyer, Mr Zubairu Shehu, applied for their bails.

In his ruling, Magistrate Hassan Mohammed, granted them bail in the sum of N500, 000
each with a surety each in like sum.

He said the sureties must be resident within the court’s jurisdiction and adjourned the case until
May 28

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Eastern Region Soldiers assault agric extension officers collecting databullet
2 Graduate Employment 11 things you need before applying for the Nation...bullet
3 Tension Military assaults policemen in a bloody clash in Tamalebullet
4 Accident One dead, scores injured in gory Tema Motorway accidentbullet
5 Motor Accident Mankessim accident claims 3 lives; 6 injuredbullet
6 Interdiction Adom FM suspends Captain Smart for 'reckless'...bullet
7 Crime 24-year-old man busted for attempting to sell AK47 rifflebullet
8 NPP Government Corruption reducing under my watch-...bullet
9 Flood Prevention AMA threatens to demolish 'illegal'...bullet
10 Lawlessness Mob attacks police station, frees 4...bullet

Top Videos

1 Video Obinim church members confess sexual sinsbullet
2 Ebony's Death Video of Ebony's soldier singing 'morale songs' goes viralbullet
3 Video I don't have time for sex - Obinimbullet
4 Failed Promises Nurses threaten to vote against NPPbullet
5 Preparing For Death Pastor makes his tomb in his housebullet
6 Military Pack US historian Horne links US military presence in...bullet
7 Ghanaian child without genitals lives throughbullet
8 Political Marriage Ras Mubarak Marries Muntaka's Daughter...bullet
9 Dr Bawumia Is Back Bawumia arrives in Ghana from medical...bullet
10 Video Sad tale of Ghanaian journalist who left BBC for...bullet

Local