Nigeria International Bank Chairman, others to Be Arraigned Over N2.6b fraud

The Federal High Court sitting in Ikoyi, Lagos, presided over by Justice Ibrahim Buba, has set aside February 9, as the day to arraign the Chairman of Nigeria International Bank Limited, C.S Sankey, and 16 others over alleged N2.6 billion fraud. They are to answer questions to a 20-count charge that touches on conspiracy, intent to defraud, falsification of document, fraudulent alteration and diversion of over N2. 6 billion belonging to Micmerah International Agency Ltd by the Federal Government. The matter, which was slated for hearing yesterday was frustrated sequel to the absence of 16 accused persons. However, only the first accused was present in court.