NBA president, Paul Usoro arraigned for N1.4bn fraud

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The President of the Nigerian Bar Association, Mr Paul Usoro(SAN), has arrived at the Federal High Court in Lagos for his scheduled arraignment on money laundering charges.

The Economic and Financial Crimes Commission accused Usoro of converting and laundering a sum of N1.4bn belonging to the Akwa Ibom State Government.

Woke Olanipekun SAN is leading a team of 20 lawyers for the NBA president.

Meanwhile, the NBA president has said he would not resign despite the N1.4 billion fraud allegation against him by the EFCC.

The EFCC had last week filed an alleged N1.4 billion fraud charge against Usoro before the Federal High Court in Lagos and he is expected to be arraigned on Monday (today).

Usoro, however, told newsmen in Abuja on Sunday, he would not resign as NBA president over the allegation.

Usoro, who presented a communique of the NBA National Executive Council meeting held in Abuja, said he has not been served with the charges.

He equally accused the EFCC of leaking the charges against him to the media.

He said: “I will not resign.

“No, I am not in doubt that a charge has been filed against me.

“I only said, in my earlier statement, that I have not been served with the charge.

“I do not doubt the existence of the charge.

“This matter was presented before the National Executive Committee (NEC) of the NBA and we had a very successful meeting.

“And nobody raised the issue as regard whether I should leave.

“I have already made it quite clear: if you have read my statement on what my position is as far as this matter is concerned.

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