Ex-IG Ehindero Received 10% Interest On Police Funds — ICPC
The Independent Corrupt Practices and other related offences Commission has alleged that a former Inspector -General of Police , Sunday Ehindero, fraudulently received interest on the Nigeria Police fund lodged in a fixed deposit account with a bank . In a released signed by the commission’s spokesperson, Rasheedat Okoduwa , the ICPC said the allegation was contained in a statement made by a banker , Aibangbe Maifuwa, to a Federal Capital Territory High Court 7 , sitting in Apo, Abuja . ICPC said , “The banker, Mr Aibangbe Maifuwa , a Business Development Manager with WEMA Bank Plc , who testified before Justice S. C . Oriji , in a case brought against Ehindero by the ICPC , said the money which was N 10 .3 m was part of proceeds from N 300 m police fund he allegedly kept in a fixed deposit account with the bank . “The banker, who was led in evidence by the ICPC ’s lawyer , Zainab Nass , told the court that the retired police boss had fixed the money at a 10 per cent interest rate ...