MAGISTRATE’S ABSENCE STALLS ECOBANK CASE.

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Senior Ecobank officials Michael Monari (left) and Wilfred Oroko at Nairobi court(File photo).
BY SAM ALFAN.
The Criminal case facing two senior Ecobank limited officials failed to take off today due to unavailability of the trial magistrate who is hearing the case.
The two accused Wilfred Nyasimi Oroko and Michael Monari arrived in court accompanied by their lawyers for hearing scheduled to take place for two days, only to be informed senior principal magistrate Ellena Ndungu was away attending to personal matters.
They denied the charge of obtaining registration by false pretence and senior principal magistrate Lucy Nyambura ordered Michael Monari and Wilfred Nyasimi Oroko to execute a personal cash bail of Sh300, 000 each to secure their freedom. .
The prosecution accused the directors of having procured for Akiba Bank (now Ecobank), the registration of replacement of change of title deed to a land belonging to Mohamed Habib without his consent.
Mr Monari is the Ecobank’s managing director in Kampala, Uganda while Mr Oroko is the bank’s senior group officer in Lome, Togo. They have denied the forgery charges.
They are accused of obtaining the registration of the four-storey building located along Nairobi’s Mokhtar Dadar Street behind Nakumatt Lifestyle at Sh105 million by false pretences.
The property is in a dispute between the bank and the family of the late owner Mohammed Habib over its alleged irregular sale.
The prosecution submitted that the two procured for Akiba Bank, a precursor of Ecobank, the registration of replacement of change of title deed to property without the consent of the estate administrators.
The hotel was later sold to a third party and Abubakar ordered to pay monthly rent but Abubakar obtained orders to stay at the hotel pending appeal.
It is Abubakar contention that the two signed the charge as directors of the bank whereas they were not and that the charge was a clear forgery as Habib died in June 17, 2007 but the charge was signed and executed in December 31, 2008.
The criminal case will now come up for hearing on 10 and 11 February 2015.

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2 thoughts on “MAGISTRATE’S ABSENCE STALLS ECOBANK CASE.

    AM said:
    December 9, 2014 at 12:39 pm

    what are your contacts?

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