How the EFCC abandoned its case against former Heritage Bank chief Ifie Sekibo
AUGUST 28, 2023 BY BN AFRICA

Five years after filing a criminal case against Heritage Bank’s former chief executive Ifie Sekibo, the Economic and Financial Crimes Commission seems to have clandestinely abandoned the case.

The criminal complaint caused shockwaves within the banking sector after the EFCC announced the charges it had filed against the Rivers-born banker.

The agency was led at that time by Ibrahim Magu, who would later suffer a spectacular fall from grace after he was accused of graft and pocketing bribes to "kill" cases.

Interestingly, Mr Magu’s temporary and permanent successors have not deemed it fit to provide an update on the status of the criminal complaint filed against Mr Sekibo.

In 2018, the anti-corruption agency had charged the Managing Director of Heritage Bank, Ifiesimama Sekibo, before a Federal High Court in Lagos for allegedly perpetrating a fraud in the sum of N605,321,051.05.

Joined with Sekibo in the charge sheet marked FHC/C/95C/18 was Kolapo Kola Daisi and a company, Greame Properties Limited.

The EFCC, in the first count, alleged that Sekibo, on July 29, 2016, “while being a bank employee, to wit: Managing Director of Heritage Bank, acquired the sum of N180m beyond your legitimate income through Greame Properties Limited, a company owned by you.”

The EFCC prosecutor, Ekene Iheanacho, who signed the charge sheet, said the bank chief violated Section 7(1) of the Bank Employees, Etc (Declaration of Assets) Act, Cap B1, Laws of the Federation of Nigeria 2004 and he is liable to be punished under Section 7(2) of the same Act.

Continue reading here:

https://www.bnafrica.com/how-the-efcc-abandoned-its-case-against-former-heritage-bank-chief-ifie-sekibo/

Nigeria to the dogs.

Imagine