An Ogun State High Court sitting in Abeokuta on Friday, March 1, 2013 adjourned proceedings in a case involving a former governor of the State, Otunba Gbenga Daniel till April 22, 2013. The adjournment followed an application by Taiwo Osipitan, SAN, counsel to Daniel asking the court to stay proceedings pending the determination of an appeal filed at the Court of Appeal against Justice Olanrewaju Mabekoje's refusal to quash counts 1-13 of the charges preferred against Daniel relating to fraudulent conversion of the state's land for his personal use.
The Economic and Financial Crimes Commission today, February 28, 2013 arraigned the duo of Adeshina Adelani Adekanmbi (alias Akin Philips, Philips Adeoba Akin) and Alhaji Abdullahi Abdulkadir Mainasara (alias Alhaji Abubakar, Alhaji Sanda, Gwantu Sani Lima) before Justice Olasumbo Olarenwaju Goodluck of the High Court of the Federal Capital Territory, Zuba, Abuja on a twenty two count charge bordering on intent to defraud and obtain money by false pretence.
The Economic and Financial Crimes Commission, EFCC, on Thursday, February 28, 2013, told a Lagos State High Court sitting in Ikeja, that the former managing director of the defunct FinBank Plc, Okey Nwosu and three of his former directors standing trial for an alleged N20 billion scam used the bank's depositors' funds to purchase shares without the consent of the board of directors of the bank. The other directors are Dayo Famoroti, Danjuma Ocholi and Agnes Ebubedike,
EFCC's witness, Mr. Usman Zakari told the court that the shares were purchased using seven different company names which, according to him, were neither incorporated by the bank nor authorized to carry out the transactions.