The Economic and Financial Crimes Commission (EFCC) yesterday arraigned the former Managing Director of Finbank Plc, Okey Nwosu, and three other bank chiefs before an Ikeja High Court, Lagos.

Nwosu, alongside the trio of Mrs Agnes Ebubedike, Mr Danjuma Ocholi and Dayo Famoroti, were arraigned on a 26-count amended charge bordering on stealing.

They all pleaded not guilty to all the charges when it was read to them.

The commission in the charge dated March 29, 2011 and signed by one A.M Yusuf on behalf of the Attorney-General of the Federation, alleged that the four accused persons stole N10,934,704,402 whilst being executives of Finbank from September 2006 to November 2007.

EFCC maintained that the stolen money was converted to the use of Springboard Trust and Investment Limited, Omden Oil and Gas Limited, Ferbond Real Estate Limited, Busch Modern Machine Tools Limited and Tyco Food Processors Limited, belonging to them.
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