Two Nigerian banks were rebuked for their role in a $4 million theft from pensioners.

Maina diverted N300 million ($730,00, N500 million ($1.2 million) and N1.5 billion ($3.6 million) into accounts he opened with United Bank for Africa (UBA), and Fidelity bank with family members as signatories, the court said. For failing to flag the identities, Abang said both banks “should have been arraigned with the convict for illegal transactions” and have their banking licenses withdrawn.