Home » Headline » Shocker! First Bank Chairman, MD Convicted over 122billion Ogoni Funds
Shocker! First Bank Chairman, MD Convicted over 122billion Ogoni Funds
Adedutan: The new MD of First Bank

Shocker! First Bank Chairman, MD Convicted over 122billion Ogoni Funds

 Federal High Court in Lagos had today convicted the Chairman of First Bank of Nigeria Limited, Ibukun Awosika, and Managing Director, Dr. Adesola Adeduntan, as well as the bank for contempt.

They were accused of refusing to obey the order of the court, which had ordered them to pay an Ogoni community in Rivers State the sum of N122 billion bond guaranteed by the bank on behalf of Shell Petroleum Development Company Limited (SPDC).

The N122 billion bond is in respect of the judgment debt against SPDC in an oil spill suit instituted by Ejama community in Ogoniland, Rivers State.

 

More details later

Leave a Reply

Your email address will not be published.

%d bloggers like this: