Mrs.Truman was, in a six-count charge, marked: FHC/ABJ/CR/16/2020 filed by the Economic and Financial Crimes Commission (EFCC), charged with conspiracy and granting of loans beyond her approval limit, offences under the Failed Bank (Recovery of Debts) and Financial Malpractices in Banks Act of 2004.
The ex-bank chief was alleged to have acted with the bank’s Head of Credit and Marketing Department, Kola Alade (now at large) in granting series of loans totalling N25.7million, beyond her approval limit.
In count two, Mrs. Truman was accused of granting N10m “temporary overdraft” to ESBA Nig. Ltd, “which sum was above your approval limit as laid down by the regulations of EWT Microfinance Bank Limited.”
She was, counts three, four,five and six accused granting loans of N5m to ESBA Nig Ltd on January 24, 2016; N700,000 to Hajara Hassan Dau on March 21, 2016; N5 to Ayo-Abimbola Segun on May 18, 2016 and N5 to the Light Maritime Limited on January18, 2016 in similar circumstances.
Mrs. Truman pleaded not guilty to the charge on her arraignment, following which the court granted her bail upon an application by her lawyer.
Justice Inyang Ekwo has adjourned till July 22 for the commencement of trial.
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