Integrated Microfinance Bank MD, Akinteye convicted of $166m fraud

A Federal High Court, Lagos, on Monday, convicted former managing director of the defunct Integrated Microfinance Bank Limited, Mr. Simon Ademola Akinteye over $166.9┬ámillion fraud. The court presided over by Justice Cecilia Mojisola Olatoregun, convicted the former bank’s boss after found him guilty of all the nine counts charge bordering on reckless granting of loans without collateral, leveled against him by the Department of Public Prosecution (DPP), Federal Ministry of Justice. The court however discharged and acquitted his deputy, Gabriel Adepoju, who was charged on one count charge of unlawful…

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