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Ex-speaker Dimeji Bankole and Nafada cleared of fraud

naijalog by naijalog
January 31, 2012
in News
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Bankole and Nafada

Mr Bankole was arrested in June 2011 on allegations he misappropriated tens of millions of dollars of government funds – charges he has denied.

An Abuja High Court,  Tuesday, 31st of January 2012, has ruled that former Speaker Dimeji Bankole and his deputy Usman Bayero Nafada have no case to answer in the N40bn loan case.

It is alleged that Mr Bankole secured a 10bn naira ($65m; £40m) loan, which was then shared out among senior figures in parliament as a pay rise.

Mr Bankole has acknowledged that the loan exists but says he did not gain personally.
Justice Suleiman Belgore cleared Mr Bankole and his former deputy Usman Nafada, saying that while the salary increase was “immoral, wrong and condemnable,” the accused had not committed any crime

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