herald

Friday 15 December 2017

Ban lifted on ex-banker

A FORMER National Irish Bank (NIB) director has had restrictions placed on his involvement in companies for the next five years over the way he conducted the bank's affairs.

The Supreme Court overturned a nine-year disqualification from company involvement against former executive director Barry Seymour and replaced it with the restriction order.

The Director of Corporate Enforcement (DCE), who took the case against him, was yesterday awarded 50pc of his costs of the case, estimated at €1m.

The DCE brought the case following the July 2004 findings of inspectors, who investigated NIB and NIB Financial Services over a 10-year period to 1998.

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