conspiring to convert over ₦19 billion belonging to Woobs Resources Limited, funds which they ought to have known were proceeds of unlawful activity.
Another charge claims that between 2011 and 2023, Ukutt and Ogo fraudulently converted approximately ₦504 million from the same accounts, while separate charges outline similar fraudulent conversions of ₦243 million.
The charges also include allegations of obtaining money by false pretence, forgery, and conspiring to defraud. For instance, Ukutt and Ogo are accused of forging a board resolution for Woobs Resources Limited in October 2011 to fraudulently alter the bank account mandate.
The bank insists that its liability is closer to ₦14 billion and expressed commitment to complying with the Supreme Court order.
The bank confirmed that it “has applied to the Court for a clarification and inquiry into the proper interpretation of the judgment and the computation of the actual quantum properly and lawfully payable by G. Cappa and the Bank”.
Reacting to the purchase of the shares, the bank’s Divisional Head of Brand and Communications, Meksley Nwagboh, said Onyeali-Ikpe purchased the shares because she believed in the bank.
“As the person at the helm of affairs of the bank, the MD has shown faith in the bank by purchasing 18 million shares of the bank with her personal funds,” he said.
“I think this gesture of the MD shows her belief in the long-term viability of the bank and is highly commendable.”
By: SaharaReporters