Mainstream Bank Boss Quizzed By Police Over N2.6b Fraud

Men of the Nigeria Police Force have interrogated Chairman of Mainstream Bank, Mallam Falalu Bello, over his alleged involvement in a N2.6 billion fraud that occurred while he was the Managing Director of Unity Bank Plc.

The banker was reportedly invited to Abuja on Wednesday for grilling by the Inspector General of Police Monitoring Unit and was later released on administrative bail.

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Bello had earlier been investigated by the Economic and Financial Crimes Commission, EFCC, following allegations of over-invoicing transactions and money laundering to the tune of N5.2 billion during the tenure of former Gombe State governor, Danjuma Goje, who is now a serving Senator.

Bello served as Unity Bank MD for five years before retiring in June 2011.