The Economic and Financial crimes commission (EFCC) files charges against 16 Bank Executives
The economic and financial crimes commission has filed charges against 16 executives of the five troubled banks whose administration has been replaced by the Central bank of nigeria (cbn). An EFCC spokesman said that the EFCC got approval from the Attorney General of the federation before filing Fraud charges against the bank executives.
The EFCC in a related development has declared wanted The Chairman Abuja Chamber of Commerce Mr Dele Oye a close associate of the former CEO of Oceanic bank Mrs Cecilia Ibru. He is wanted for offences such as conspiracy, aiding and abetting, and money laundering running of billions of naira.