The DPP in a charged marked FHC/L/234c/16, alleged that two Bank Chiefs recklessly, without collateral approved credit facilities running into $166 million USD, and N33.250 million to themselves and one Mrs. Temitope Muhammed Imam.
In the charge, the convict, Akinteye, who was said to have at different time withdrew from the bank’s account the total sum of N11 million and diverted it into his personal company named ‘Deblad Nigeria Limited’.
He was also said to have unlawfully withdrew total sum of $166 million USD, and paid same account of the said the account of Temitope Muhammed Imam, domiciled with Citi Bank N. A. of Utica/Clarkson, 702, Utica Avenue, Brooklyn New York, United State of America; and another account domiciled with Washington Mutual, 391, Eastern Parkway, Belford Avenue, New York, USA.
While the second defendant, Adepoju, was alleged to have withdraw total sum of N22.250 million, and diverted same to a limited liability company, Gad Press Limited.
But the presiding judge, Justice Olatoregun, had dismissed the defendants’ lawyers application on the ground that the facts of charge are not the same.