Keystone Bank Top Officials, Anayo Nwosu and Olajide Oshodi Jailed For N855M Fraud

The EFCC, on Monday, December 9, 2019, secured the conviction and sentencing of two top officials of Bank PHB (now Keystone Bank), Anayo Nwosu and Olajide Oshodi as well as Ashok Israni, an Indian businessman, to five years imprisonment each for N855m fraud before Justice Kudirat Jose of the State High Court, Igbosere, Lagos State.

Also jailed are NULEC Industries Limited belonging to Israni and Keystone Bank Limited. The convicts alongside one Sunny Obazee were re-arraigned on October 4, 2016 on an amended 15-count charge bordering on conspiracy and obtaining by false pretence to the tune of N855m.