Tuesday, 31 January 2012
N38B LOAN SCAM: Court Frees Bankole, Nafada
An Abuja High Court presided over by Justice Suleiman Belgore on Tuesday absolved the embattled former Speaker of the House of Representatives, Dimeji Bankole and his erstwhile Deputy, Bayero Nafada, of any crime by obtaining N38 billion loan from UBA for the payment of an enhanced package and running cost for members of the House of Representatives.
Bankole’s lawyers led by Chief Adegboyega Awomolo, a senior advocate of Nigeria, in an application brought before the court on behalf of the former Speaker and his Deputy for the quashing of the charges slammed against them by the Economic and Financoial Crimes Commission, EFCC, had argued that an account number issued by a bank cannot be said to be a property to be owned or entrusted as alleged in the charge for which Bankole and Nafada are being tried.
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