Diamond Bank under the leadership of Mr. Uzoma Dozie is in big trouble as National Drug Law Enforcement (NDLEA) has arraigned the financial institution and two of its managers, Lasisi Abayomi and Hillary Ojukwu before Justice Mojisola Olatoregun- Ishola of a Federal High Court in Lagos on a sixcount charge of alleged money laundering. Others docked alongside the bank and its two managers are Oni Oil and Gas Ltd and Mrs Lizzy Chinyere Ikenua.
In a charge signed by the NDLEA’s prosecutor, Augustine Nwagu, it was alleged that the bank and its two managers in August 2006, within the jurisdiction of the court failed to verify the true identity of its customer; Oni Oil and Gas Ltd, Chief Onoche Ikenua and Mrs. Lizzy Chinyere Ikenua before opening an account no. 0212010006203 in favour of the company and entering into other fiduciary relationships with it. Count 5 of the charge reads: “That you Hillary Ojukwu, being an employee of Diamond Bank Plc, a financial institution, between August and December 2006 at Lagos within the jurisdiction of this Honourable Court aided Oni Oil and Gas Ltd, Chief Onoche Ikenua and Mrs. Lizzy Chinyere Ikenua to convert various sums of money (amount yet to be determined) being money derived directly or indirectly from a crime to wit: illicit traffic in narcotic drugs and you thereby committed an offence contrary to Section 17(a) and punishable under Section 14(a) of the Money Laundering (Prohibition) Act, 2004”