Nigeria, May 19 -- Access Bank Plc and one of its employees are enmeshed in legal troubles after a four-count charge was filed against them at the Federal High Court over alleged diversion of N825.9 million in state funds into a fraudulent account.

The charges, filed by the federal government, followed an investigation by the Independent Corrupt Practices and Other Related Offences Commission (ICPC), according to court documents seen by this newspaper.

The charges, filed at the Sokoto Judicial Division, accuse Abdulmalik Abubakar, a relationship manager at Access Bank's Sokoto branch, and the bank itself of conspiracy, money laundering, and concealment of stolen funds.

The state counsel in count one alleged that the defendants created ...