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Ex-IGP Ehindero received 10% on police funds, witness tells court
A prosecution witness, Aibangbe Maifuwa, has told a Federal Capital Territory High Court, Apo that a former Inspector General of Police, Mr. Sunday Ehindero, collected 10 percent on funds belonging to the police lodged in a particular bank.
The Independent Corrupt Practices and other related offences Commission, ICPC, which currently prosecuting Ehindero, revealed this in a statement signed by its spokesperson, Rasheedat Okoduwa.
The ICPC statement states that Maifuwa is a banker.
The statement reads: “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 N10.3m was part of proceeds from N300m 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.
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“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 N300m fixed deposit, amounting to the sum of N10, 364,283.77, be paid to him in cash, while the principal sum be paid through a WEMA bank cheque in his favour.”
According to the ICPC, Ehindero and a former Commissioner of Police in charge of budget at the Police Force Headquarters, Mr John Obaniyi, are being tried for multiple counts bordering on mismanagement of police funds and abuse of office.
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