NIB managers ‘guilty of wrongdoing’

THE main perpetrators of wrongdoing relating to bogus non-resident accounts in National Irish Bank in the 1990s were certain branch managers, including maverick managers, and it was incredible that the inspectors who investigated NIB did not hold them responsible in some manner, a retired NIB regional manager has told the High Court.

Kevin Curran said he believes the findings of the NIB inspectors that he, as a manager in NIB, bore responsibility with others for certain improper practices within the bank over a nine year period, are “incorrect”.

The corporate governance structure of the bank placed at all times “utmost responsibility” on NIB’s board of directors, the audit committee and auditors (internal and external), “all of whom were exonerated by the inspectors,” he said.