The Ministry of Mines and Steel Development (MMSD) awarded the co-operative society a contract for the sum of =N=4,826,850 for the procurement of certain specified equipment. The duo breached the agreement and decided to grant loans of =N=300,000 each to their members contrary to the purpose for which the money was given to the society.
They were found guilty of the charges brought against them by Justice Ademola Adeniyi of Federal Capital Territory High Court Apo Abuja and sentenced to 3 months imprisonment with option of fine of =N=1,250,000 on the first count and two years imprisonment each with option of fine in the sum of =N=1,250,000 for the second charge.
The sentences run concurrently.
