Former Managing Director of Finbank Plc, Okey Nwosu has been convicted and sentenced to three years imprisonment over N10.9 billion fraud.

Lateefa Okunnu, judge of the Lagos State High Court sitting in Ikeja, Lagos on Tuesday, January 5th, 2021 convicted him.

The Economic and Financial Crimes Commission (EFCC) had arraigned Nwosu alongside Dayo Famuroti, Agnes Ebubedike and Danjuma Ocholi on a 26-count amended charge bordering on stealing and illegal conversion to the tune of N10.9 billion.

The defendants, who were said to have perpetrated the fraud while they were directors of the bank, pleaded not guilty to the charge preferred against them, thereby leading to their full trial.