The Kano State Anti-Corruption and Public Complaints Commission, under the leadership of Alhaji Muhi M. Rimingado, has uncovered fraudulent diversion of N207 million depositors’ money from 37 micro-finance banks in Kano.
Three persons have so far been arrested in connection to this allegation and are presently been investigated by the Commission. They include the consultant that handled the establishment and running of the micro-finance banks, Rabiu Tudunwada, the overall managing director of the banks, Rabiu Garba, and director of recruitment, Hajara Umar.
Parading the accused persons before journalists, in Kano, Rimingado, stated that investigation revealed that R.I and Co Financial Consultants received a total sum of N74 million as accrued interest from the share capital of N20 million in each of the 37 micro banks.
The original article can be found at dailytimes.com.ng