A Magistrate court in Port Harcourt has remanded Dr. Ipalibo Sogunle former Director Rivers State Micro Finance Agency and three others for alleged embezzlement of over thirteen million naira. They were arraigned today before Chief Magistrate A. O. Amadi-Nna.
Case adjourned to 6th July to enable the prosecution file the case properly.
Recall that the rivers state government had on Monday 15th June 2020 announced the sacking of the former River state Micro Finance bank
GOVERNMENT SPECIAL ANNOUNCEMENT
Rivers State Governor, Nyesom Ezenwo Wike has approved the dismissal of the Managing Director, Rivers State Micro Finance Agency, Dr. Ipalibo Walson Sogules for fraud.
Also dismissed from the Agency for the same offence are: the Head, SMEs, Mr. Nimi Harry, Head( Finance and Accounts), Mr. Ukele Okorji and the Internal Auditor, Mr. Sofiri Koko.
Other Heads of Departments of the Agency are to be arrested for further investigations.
Commissioner for Information and Communications
June 15, 2020