Ex-IGP (Inspector General of Police) Sunday Ehindero has been accused of fraudulently receiving 10% interest on police funds, lodged in a fixed deposit account with a bank.The Independent Corrupt Practices and other related offences Commission, ICPC, who alleged that ex-IGP Sunday Ehindero fraudulently receiving 10% interest on police funds, said the allegation was contained in a statement made by a banker, Aibangbe Maifuwa, to a Federal Capital Territory High Court 7, sitting in Apo, Abuja.

“The banker, Mr Aibangbe Maifuwa, a Business Development Manager with WEMA Bank Plc, who testified before Justice S. C. Oriji, in a case brought against Ehindero by the ICPC, said the money which was N10.3m was part of proceeds from N300m police fund he allegedly kept in a fixed deposit account with the bank.“The banker, who was led in evidence by the ICPC’s lawyer, Zainab Nass, told the court that the retired police boss had fixed the money at a 10 per cent interest rate per annum, between July 11, 2006 and January 19, 2007.

“In his response to questions put to him during cross-examination by Ehindero’s lawyer, K. O. Omolola, the banker said the former IGP had written to the bank requesting that the accrued interest on the N300m fixed deposit, amounting to the sum of N10, 364,283.77, be paid to him in cash, while the principal sum be paid through a WEMA bank cheque in his favour" the ICPC said.


https://unclesuru.com/2019/03/25/ex-igp-ehindero-received-10-interest-on-police-funds-icpc/

Na wah ooooo. In Nigeria, anything can happen.

corruption

That's not new, some police recieveing double salary, while some junior rank getting higher rank salary...

You will see a serget at MSS building standard house while ASP at mopol, or traffic struggling to pay house rent

Fraudster

See mess up top of N10.3m .

Na wa oooo

Can't he eat that interest in peace? Is police funds missing?

very soon this man will carry 100 SANs to defend himself

This country is very funny, they make a norm look like a crime for those they want to hang

Every banker that knows his or her game is aware that you don't need to place public funds in fixed deposit to get interest on it. Once the money is in the banks books they will pay kick backs on it.

Anyway let me carry my tatafo and go this morning.

Lessons from my dad:

1. If you're going to do business with a friend, sign an agreement with them.

2. If you're doing business with your siblings, sign an agreement with them.

3. If I, your father is doing business with you, we are signing an agreement.

I felt the last one.

And nothing would be done about it

Media trials as usual

Interesting


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What they mostly do to pensioners money

Twoclans:
This country is very funny, they make a norm look like a crime for those they want to hang

Every banker that knows his or her game is aware that you don't need to place public funds in fixed deposit to get interest on it. Once the money is in the banks books they will pay kick backs on it.

Anyway let me carry my tatafo and go this morning.

With mind set like yours, a nation will never prosper, sentiments everywhere

Jumlek2411:
Na wah ooooo. In Nigeria, anything can happen.

Nigerians are fantastically corrupt. -British PM

Eleyi ga gan o

Frankyboy1:


With mind set like yours, a nation will never prosper, sentiments everywhere

Young man there is nothing like sentiment here, I don't care about the IG or whoever is involved as far as I am concerned he should face the music.That said now let me tell you something. A government that selects people that are called criminals based on tribe or religion is a very dangerous one.

I am not sure I want to go into this more, the banking industry is a sector I played in. I understand the dirty games that go on in that sector because I am a part of that dirt.

@kelvinsure65 The ticket is confirmed. But since you won 2m, why are you collecting 5k from people? You want to use their money as stake so if your prediction doesn't work out, you won't lose anything abi? Just continue

This is serious...