• Ex-Diamond Bank staff, other get N20m bail in $1m fraud case

    Ex-Diamond Bank staff, other get N20m bail in $1m fraud case

    Justice Nnamdi Dimgba of the Federal High Court sitting in Maitama, Abuja on Monday, admitted the one Sada Adamu and Babatunde Faro, an employee of Diamond Bank Plc to bail on a 4-count of money laundering preferred against them by the Economic and Financial Crimes Commission, EFCC.

    Arraigned on Friday, November 11, 2016, Adamu was alleged to have made cash payment of $1 million being an amount exceeding the stipulated N5 million threshold payable cash by an individual according to law, […]