Bankers, Indian Businessman bag 5-year jail term over N855m fraud

The Economic and Financial Crimes Commission, EFCC, Monday, secured conviction and sentenced two top officials of Bank PHB (now Keystone Bank), Anayo Nwosu and Olajide Oshodi over N855 million fraud.

DAILY POST gathered that not only the duo were involved and convicted but Ashok Israni, an Indian businessman.

They were arraigned before Justice Kudirat Jose of the State High Court, Igbosere, Lagos State.

EFCC spokesman, Wilson Uwujaren said this in a statement in Abuja.

Also jailed, according to Uwujaren are NULEC Industries Limited said to belong to Israni and Keystone Bank Limited.

Further, it was explained that the convicts alongside Sunny Obazee were re-arraigned on October 4, 2016 on an amended 15-count charge bordering on conspiracy and obtaining by false pretence to the tune of…



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