A banker, Arinze Jim Ezetulugo, has been arrested and arraigned for disbursing fraudulent loans. This was made known on EFCC official facebook page, according to the page, "The Economic and Financial Crimes Commission, EFCC, on Tuesday, April
26, 2016 arraigned one Arinze Jim Ezetulugo before Justice Dugbo
Oghoghore of the Federal High Court Enugu State on a four count charge
bordering on conspiracy and granting loan with defective security
contrary to Section 17 (4)(a) of the Failed Banks (Recovery of Debts)
and Financial Malpractices in Banks Act, Chapter F2 Volume 6, Laws of the federation of Nigeria 2004."
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