Anti-corruption and elections / EFCC
Akingbola Lied About Buying Shares for Intercontinental Bank - Witness
The trial of Erastus Akingbola, a former Managing Director of the defunct Intercontinental Bank Plc, continued on Thursday, March 14, 2019 before Justice Mojisola Olatoregun of the Federal High Court sitting in Ikoyi, Lagos, with a prosecution witness detailing how he laundered the bank’s funds on the pretext of buying shares without securities. Akingbola is standing trial for an amended 22-count charge bordering on abuse of office, conversion of funds belonging to Intercontinental Bank Plc and stealing to the tune of N900,321,710,311.40, £8.5 millon and £1.3 million. At today’s sitting, the s…
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