By ABDULWAHAB ABDULAH, ONOZURE DANIA & MICHAEL OLADEPO
LAGOS—Three bank chiefs arraigned alongside former managing director of FinBank Plc, Mr. Okey Nwosu, yesterday, told an Ikeja High Court, Lagos, that they were at the verge of settlement with the prosecution over the theft and fraud allegations levelled at them.

The trial judge, Justice Lateefa Okunnu, subsequently adjourned till May 22, to enable the defendants reach a term of settlement with the prosecution.

They are being prosecuted by the Economic and Financial Crimes Commission, EFCC.

Nwosu is standing trial alongside Dayo Famoroti, Danjuma Ocholi and Agnes Ebubedike, who are planning a settlement out of court.

The four are facing a 26-count charge of alleged stealing and illegal conversion of N16.2 billion belonging to FinBank.

At the resumed hearing in  the case, counsel to Ocholi (the third defendant), informed the court that events had overtaken the prosecution’s stance that court should adjourn till Tuesday (today) for them to produce their witnesses, who will be coming from outside Lagos because their settlement issue was already before the Presidency.

The defendants said they said were already pursuing settlement and would want the court to give them a chance to conclude soon.

In reply, EFCC counsel, confirmed the settle talk