A former Managing Director of a bank – EWT Microfinance Bank Limited – Mrs. Miriam Ladi Truman has been arraigned before a Federal High Court in Abuja on offences relating to financial malpractices.
![](https://thenigerialawyer.com/wp-content/uploads/2026/05/2026-Summer-IDRI-Masterclass.jpg")
Mrs.Truman was, in a six-count charge, marked: FHC/ABJ/CR/16/2020 filed by the Economic and Financial Crimes Commission (EFCC), charged with conspiracy and granting of loans beyond her approval limit, offences under the Failed Bank (Recovery of Debts) and Financial Malpractices in Banks Act of 2004.
The ex-bank chief was alleged to have acted with the bank’s Head of Credit and Marketing Department, Kola Alade (now at large) in granting series of loans totalling N25.7million, beyond her approval limit.
In count two, Mrs. Truman was accused of granting N10m “temporary overdraft” to ESBA Nig. Ltd, “which sum was above your approval limit as laid down by the regulations of EWT Microfinance Bank Limited.”
She was, counts three, four,five and six accused granting loans of N5m to ESBA Nig Ltd on January 24, 2016; N700,000 to Hajara Hassan Dau on March 21, 2016; N5 to Ayo-Abimbola Segun on May 18, 2016 and N5 to the Light Maritime Limited on January18, 2016 in similar circumstances.
Mrs. Truman pleaded not guilty to the charge on her arraignment, following which the court granted her bail upon an application by her lawyer.
Justice Inyang Ekwo has adjourned till July 22 for the commencement of trial.
[A MUST HAVE] Evidence Act Demystified With Recent And Contemporary Cases And Materials
Available now for NGN 40,000 at ASC Publications, 10, Boyle Street, Onikan, Lagos. Beside High Court, TBS. Email publications@ayindesanni.com or WhatsApp +2347056667384. Purchase Link: https://paystack.com/buy/evidence-act-complete-annotation
______________________________________________________________________ “Enhance Legal Practice With Authoritative Reports” — Alexander Payne Offers Comprehensive Law Reports, Spanning Over A Century Of Nigerian Jurisprudence
Interested buyers are encouraged to place their orders and enquiries via:
0704 444 4777, 0704 444 4999, 0818 199 9888
Website: www.alexandernigeria.com
The book also examines Nigeria's legal ecosystem, focusing on the LPELR and NBA AI Guidelines. As a bonus, every purchase comes with a FREE eBook titled: How to Use the AI Features in LegalPedia and LawPavilion.
Ohio Books Ltd praises the publication, stating:
"....this is the only Nigerian book I know of on the topic."
How to Order:
📞 Call, Text, or WhatsApp: 08034917063 | 07055285878
📧 Email: benadigwe1@gmail.com
🌎 Website: www.benadigwe.com
Ebook Version: Access it directly online at https://selar.com/prv626
Authored by Ben Ijeoma Adigwe Esq., ACIarb (UK), LL.M, Dip. in Artificial Intelligence, Director at the Delta State Ministry of Justice, Asaba, Nigeria.
______________________________________________________________________
