FG sues bank, two staff for allegedly conspiring with drug barons

Lagos- The Federal Government has instituted a charge before a federal high court sitting in Lagos, against a new generation bank and two of its top staff for allegedly conspiring with some alleged drug barons to conceal large sums of money allegedly realised from illicit dealing of hard drugs. The bank, its staff and others are being tried by the Federal Government through the National Drug Law Enforcement Agency and are standing trial for a five count charge. The matter is before Justice James Tsoho. The accused are Diamond Bank, Lasisi Abayomi, Hillary Ojukwu, Oni Oil and Gas Limited, Onoche Ikenua and his wife Lizzy Chinyere Ikenua. Diamond Bank is accused of failing to verify the true identity of Oni Oil and Gas Limited, Onoche and Lizzy Ikenua before opening account for their company, the Bank and its staff were alleged to have conspired with the accused to convert various sums of money. The Ikenuas were alleged to have falsely presented themselves as directors of Oni Oil and Gas, just to open an account with the Bank.