• EFCC re-arraigns Indian businessman, three Bank PHB officials over N855m fraud

    EFCC re-arraigns Indian businessman, three Bank PHB officials over N855m fraud

    According to reports, the Economic and Financial Crimes Commission (EFCC) on Tuesday re-arraigned an Indian businessman, Ashok Isran, over an alleged N855 million fraud.

    Isran was re- arraigned alongside his company, Nulec Industries Ltd., Bank PHB (now Keystone Bank) and three management staff of the bank — Anayo Nwosu, Olajide Oshodi and Sunny Obazee.

    The defendants were re-arraigned before Justice Kudirat Jose of an Ikeja High Court on an 11-count amended charge bordering on conspiracy and obtaining money under false pretences.

    The News […]