A former Director of Corporate Banking at the First Bank of Nigeria (UK) is facing bribery charges

A former Director of Corporate Banking at the First Bank of Nigeria (UK) is facing bribery charges following an investigation by the National Crime Agency (NCA). Adetunji Fadahunsi-Jones, 45, from Hertfordshire, was responsible for managing the bank's relationship with a prominent figure in the Nigerian oil, gas, and petroleum industry. The businessman is also under investigation by the NCA.

The NCA alleges that Fadahunsi-Jones accepted bribes, including money and a vehicle, during his tenure at FBN (UK). In return, it is suspected that he turned a blind eye to the conduct of the account holder, a violation of his duties and the code of conduct of his employment. This would constitute an offense under Section 2 of the Bribery Act 2010.

Fadahunsi-Jones appeared at Westminster Magistrates Court for his initial hearing on Tuesday, December 18. Andy Darmody, from the NCA's International Corruption Unit, issued a stern warning to those working in the regulated sector, emphasizing the severe consequences of breaching professional responsibilities. Darmody highlighted recent charges for bribery and corruption, affirming the UK's commitment to addressing such criminal activities.

"We are grateful for the cooperation of the private sector, in particular for First Bank of Nigeria’s support in investigating this case," Darmody added, acknowledging the collaboration in uncovering potential wrongdoing.

Andy Young, representing the Crown Prosecution Service, revealed that the charges against Fadahunsi-Jones relate to bribery that occurred between 2011 and 2014. Specialist economic crime lawyers within the CPS authorized the charge, underscoring the legal significance of the alleged misconduct.

The case serves as a reminder of the ongoing efforts to combat corruption within the financial sector, with authorities determined to hold individuals accountable for any breaches of professional conduct. The NCA's investigation and subsequent charges demonstrate the UK's commitment to tackling corruption head-on, emphasizing the collaborative role of both public and private sectors in upholding the integrity of financial institutions.

By fLEXI tEAM