Thursday 19 July 2012

Capital market probe: EFCC arraigns Hembe, Azubuogu for misappropriation


The Economic and Financial Crimes Commission on Wednesday, finally arraigned two members of the House of Representatives, Herman Hembe and Ifeanyi Azubuogu, before an Abuja High Court for two counts of misappropriation and conversion of public funds to personal use.

The charge arose from allegations made against them by the Director-General of the Securities and Exchange Commission, Ms. Arunma Oteh.
The EFCC also called five witnesses against the two lawmakers when the trial commenced after the court had granted them bail.

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