Nigeria: Eight Ex-Bank Chiefs Get N2.4 Billion Bail

15 September 2009

Lagos — Former Managing Director of FinBank Nigeria Plc, Mr Okey Nwosu and seven former non-executive members of Intercontinental Bank Plc who are facing trial for alleged banking related offences were, Tuesday, admitted to bail by a Federal High Court sitting in Lagos just as the Economic and Financial Crimes Commission (EFCC) said it has recovered N87 billion so far from bank debtors.

However, Mrs Cecilia Ibru, Mr Bartholomew Ebong, Mr Sebastian Adigwe and three others who were granted bail, Monday, by the Court were yet to meet their bail conditions at press time yesterday.

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