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 per annum, between July 11 , 2006 and January 19 , 2007.
“In his response to questions put to him during cross- examination by Ehindero’s lawyer , K. O . Omolola , the banker said the former IGP had written to the bank requesting that the accrued interest on the N300 m fixed deposit , amounting to the sum of N 10 , 364 ,283 . 77 , be paid to him in cash , while the principal sum be paid through a WEMA bank cheque in his favour .”
ICPC said the retired IGP and a former Commissioner of Police in charge of budget at the Police Force Headquarters, Mr John Obaniyi , who were present in the court, were being charged with multiple counts bordering on mismanagement of police funds and abuse of office .
It added that the case had been adjourned to May 13 , 2019 for continuation of hearing.
Source: punch

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