A Federal High Court sitting in Ikoyi, Lagos, Thursday convicted former New Prudential Bank, Managing Director Adetunji Abudu and sentenced him to two years imprisonment over N195 million fraud.
Abudu’s conviction was at the instance of the Economic and Financial Crimes Commission, EFCC. EFCC spokesman, Tony Orilade said this in a statement in Abuja.
He added, “The convict was arraigned on Wednesday, February 17, 2016 on a four-count charge of acting in contravention of the Banks and Other Financial Institutions Act( BOFIA) 2004 to the tune of N195m( One Hundred and Ninety-five Million Naira).
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