8.4 C
New York
Saturday, June 22, 2024

Court Jails LG Officials Over Fraud

Published:

LATEST NEWS

- Advertisement -


Justice Pelibus Andertu of Taraba State High Court II on June 12, 2012, convicted the duo of Philip A. Timothy and Rimamsonchiti Bako who were arraigned by the Economic and Financial Crimes Commission, EFCC, on a two-count charge of conspiracy, criminal breach of trust and fraudulent diversion of funds.
The accused who were staff of Ussa Local Government Area, Taraba State , served as Chairman and Secretary, respectively, of the National Union of Local Government Employee, NULGE. They were arraigned on July 27, 2011.

Justice Andertu found the two accused guilty of the charges levelled against them and sentenced them to jail term of six months with an option of N500,000.00 fine each. They were also ordered to pay the value equivalent to the motorcycles involved in the scam.

READ ALSO  Angel, Obi, Others Present as Actor Amaechi Muonagor Begins Final Journey in His Hometown, Anambra (Videos)

The former NULGE officials were arrested following a petition by a new generation bank, alleging that sometime in 2007, officials of the union in Ussa Local Government Area, Taraba state, requested for a loan of N20 million for the purchase of motorcycles for its members. The loan was granted by the bank after the management of the local government guaranteed it.

The bank alleged that the terms of repayment had indicated that the union will pay the bank N23.4m spread over a period of 18 months.
However, only N15m was paid at the expiration of the tenure of the facility, leaving a balance of N8.3m

- Advertisement -spot_img

Hey there! Exciting news - we've deactivated our website's comment provider to focus on more interactive channels! Join the conversation on our stories through Facebook, Twitter, and other social media pages, and let's chat, share, and connect in the best way possible!

Join our social media

For even more exclusive content!

Of The Week
CARTOON

TOP STORIES

- Advertisement -spot_img
- Advertisement -

Of The Week
CARTOON