- 6 Marks
BL – May 2021 – L1 – SB – Q3b – Company Law
Legal implications of fraudulent use of a housing loan by an employee to contest in an election.
Question
Okonto, an employee of a Federal Government Agency, had a parcel of land allocated to him in the proposed estate of the Agency in Abuja. To facilitate the building of a bungalow on the land pursuant to the Agency’s staff home ownership scheme, the Agency gave Okonto a housing loan. Okonto purchased an application form with the housing loan from one of the major political parties so as to contest for a senatorial seat in his home state on the platform of that party. Okonto planned to build the bungalow later from his income as a Senator.
Required:
Explain to the Director-General of Okonto’s Agency the legal implication of Okonto’s action in criminal law.
Find Related Questions by Tags, levels, etc.
- Tags: Criminal Law, Employee loans, Fraudulent conversion
- Level: Level 1
- Topic: Company Law
- Series: MAY 2021
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