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Finbank: Judge rejects EFCC witness


LAGOS — Justice Lateefa Okunnu of an Ikeja High Court yesterday rejected a prosecution witness presented by the Economic and Financial Crimes Commission, EFCC, in the on-going trial of the  former Managing Director of Finbank Plc, Okey Nwosu and three other directors accused of  stealing N10.9 billion from the bank.

The court rejected the witness,  Mr. Emmanuel Damudu, on the ground he was not listed as one of the prosecution witnesses before the court by the anti graft agency.

Damudu, an investigative officer with the EFCC was expected to be led in evidence by the EFCC to corroborate how the bank’s executive allegedly traded the bank’s money to buy shares.

The bank’s former M.D. is arraigned alongside the trio of Dayo Famoroti, Danjuma Ocholi and Agnes Ebubedike, who were directors of the bank before Justice Okunnu.

Jacobs told the court that Damudu was one of the officers of the EFCC who investigated the matter and that he was being called to tender some documents to the court.

However, the defendants counsel: James Ocholi, SAN’; Ifedayo Adedipe, SAN; Yemi Sowemimo, SAN and K. Oragwu, opposed the move.

She, however, adjourned the matter till January 24,2013.


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