The court presided over by Justice Cecilia Mojisola Olatoregun, convicted the former bank’s boss after found him guilty of all the nine counts charge bordering on reckless granting of loans without collateral, leveled against him by the Department of Public Prosecution (DPP), Federal Ministry of Justice.

The court however discharged and acquitted his deputy, Gabriel Adepoju, who was charged on one count charge of unlawful diversion of N22.250 million to a printing company named Delad Press Limited

Justice Olatoregun has adjourned till February 21, for the sentencing of the former bank’s boss.

The DPP in a charged marked FHC/L/234c/16, alleged that two Bank Chiefs recklessly, without collateral approved credit facilities running into $166 million USD, and N33.250 million to themselves and one Mrs. Temitope Muhammed Imam.

In the charge, the convict, Akinteye, who was said to have at different time withdrew from the bank’s account the total sum of N11 million and diverted it into his personal company named ‘Deblad Nigeria Limited’.

He was also said to have unlawfully withdrew total sum of $166 million USD, and paid same account of the said the account of Temitope Muhammed Imam, domiciled with Citi Bank N. A. of Utica/Clarkson, 702, Utica Avenue, Brooklyn New York, United State of America; and another account domiciled with Washington Mutual, 391, Eastern Parkway, Belford Avenue, New York, USA.

While the second defendant, Adepoju, was alleged to have withdraw total sum of N22.250 million, and diverted same to a limited liability company, Gad Press Limited.

The offences according to the prosecutor, Ndidi Glady Ezinwa-Ukuba (Mrs.), are contrary to under sections 18 (1)(a) and 18(3) and 15(1)(a)(I) Banks and other financial Institution Act Laws of the Federation of Nigeria, 2004, and punishable under Section 18(2) and 16(1)(a) of the same Act.

Prior to the dou’s arraignment of the defendants on May 18, 2016, their lawyer, A. O. Sheriff, through a notice of Preliminary Objection, urged court to dismiss the charge on the ground that the defendants had earlier been acquitted and discharged by Justice Okon Abang of the same court, when they were formaly arraigned.

But the presiding judge, Justice Olatoregun, had dismissed the defendants’ lawyers application on the ground that the facts of charge are not the same.