Fortis Microfinance Bank

The Nigerian police on Thursday arraigned a 39-year-old businessman, Isaac Ukah of Mpape Village, in a Kado Grade 1 Area Court, Abuja, for allegedly absconding after obtaining a bank loan.

Ukah is facing a two-count charge of criminal breach of trust and cheating.

The prosecutor, Insp. Simon Ibrahim, told the court that one Collins Omobode of Fortis Micro Finance Bank Plc, Wuse Zone 5, Abuja, reported the matter at the Utako Police Station, Abuja on April 1.

Ibrahim told the court that the accused applied for a loan in the said bank and was granted N1million.

He said the accused abandoned his shop in Suleja in Niger State, and relocated to another place after he obtained the loan.

The prosecutor said that the accused repaid only N300, 000 and issued the bank a dud cheque.

According to the prosecutor, the offence is punishable under Sections 312 and 322 of the Penal Code.

Ukah, however, pleaded not guilty to the charge.

The Judge, Alhaji Abubakar Sadiq, granted him bail in the sum of N200, 000 and a surety in like sum and adjourned further till May 18.