By Ola Ajayi
IBADAN—A Federal High Court, Ibadan, yesterday could not sit on the arraignment of six ex-staff of Diamond Bank Plc over alleged granting of unsecured and unauthorized N7.8 billion credit facilities due to the absence of the judge.
The former staff of the bank and the six companies owned by a female customer, were sued by the Economic and Financial Crimes Commission, EFCC.
According to the charge sheet, the alleged action of the accused persons contravened the failed banks and other financial malpractices banks Act Law of the Federation of Nigeria 2004.
The ex-staff charged to court are: Tokunbo Obayemi, Chukwuma Kalu, Abdulazzez Salau, Gbolahan Ladoja, Adesoji Adekunle, Utiyen Obioru and Mrs. Modupe Sobodu who is the owner of Dupsob Nigeria Limited and Mofadeb Investment Limited.
Also included in the allegations against the former staff, was granting of credit facility against the security of Diamond bank shares, an offence contrary to the Banks and Other Financial Institutions Act laws of Federation of Nigeria 2007.
Earlier, the accused persons had got reprieve from Abuja High Court which prevented the EFCC from arresting, detaining or in any way interfering with the fundamental human rights of five former bankers in an October 28 judgment.
They had protested their arrest and detention by the anti-graft agency which allegedly detained them from March 16 to March 23.
But, the commission got them re-arrested and had tried to arraign them at the Federal High Court, Ibadan yesterday, but the court could not sit.