Court Grants Ex-Executive Director Of Aso Savings N10m Bail


The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has arraigned a former Executive Director of Aso Savings and Loans Plc, Maimuna Aliyu, before an Abuja High Court, for defrauding the bank of N57 million.

In a 3-count charge before Justice A. Nasir on Thursday, the commission alleged that Maimuna used her position to confer corrupt advantage upon herself when she received the sum of N57m being the proceeds of the sale of three plots of land in Jahi District, Abuja and failed to remit the said amount to Aso Savings.

She also allegedly made a false statement to officers of the ICPC, thereby contravening the provisions of sections 19 and 25 of the Corrupt Practices and Other Related Offences Act, 2000 and punishable under the same Sections.

Maimuna was also facing a charge of criminal breach of trust when she allegedly diverted the sum of N57, 000, 000 to personal use, an offence that was contrary to Section 311 and punishable under Section 312 of the Penal Code.

She, however, pleaded not guilty to all the charges and her counsel, Joe Gadzama (SAN) in his bail application requested the court to grant his client bail on self-recognition and also on the basis that she is a first offender.

In her ruling, Justice Nasir granted the accused bail in the sum of N10 million and two sureties in like sum, and they must be resident within the jurisdiction of the court.

The matter was, therefore, adjourned till March 12, 2018, for the commencement of hearing.

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