Sanusi Lamido Sanusi, CBN Governor

A former Managing Director of Havilah Micro Finance Bank Limited Rufus Dada Oluyole, 58, and his son-in law Rotimi Olubowale, 39, who was also a former director of the bank, have been arraigned before an Igbosere Magistrate’s Court.

In a three-count criminal charge filed before the court by police prosecutor from the Special Fraud Unit, Milverton Road, Ikoyi, Lagos, it was alleged that Oluyole, Olubowale and others at large sometime between May and October, 2010 at Havilah Micro Finance Limited, Kiye Amuwo, Lagos conspired to forge Havilah Micro Finance Bank Limited letterhead paper with incorporation number RC 162330, and purported same to be genuine.

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The two accused ex-officials of Havilah Microfinance Bank Limited and their alleged co-conspirators, now at large, were also accused of falsely representing themselves as board of directors to numerous customers and correspondents of Havilah Microfinance Bank Limited.

The offences of conspiracy, forgery and impersonation allegedly committed by the accused persons are contrary to and punishable under Sections 516, 467 and 484 of the Criminal Code Cap 17 Volume 2, Laws of Lagos State of Nigeria, 2003.

The two accused pleaded not guilty, and their counsel Mr. Segun Ogunsanya orally applied for bail as he urged the court to admit them to bail on liberal terms.

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Mr. Olajubu, while not opposing the bail for the accused persons, urged the court to impose bail conditions that will make sure that the accused come back for their trial.

He further told the court that he intends to call three witnesses: Corporal Lanre Olaoye, the Investigation Police Officer and the Managing Director of Havilah Microfinance, Mr. Tony Egbeogu, who were present in court.

In her ruling, the presiding Senior Magistrate, O. J. Awope (Mrs.) while adjourning till February 1, 2011 admitted the two accused persons to bail in the sum of N50,000 with two sureties in like sum, the two sureties must show means of livelihood to be verified.

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