Anti-corruption and elections / EFCC

Witness Reveals How Former Bank Chief, Erastus Akingbola Bought London Properties for £9.7m

A prosecution witness, Abdulraheem Jimoh, in the ongoing trial of Erastus Akingbola, a former Managing Director of the defunct Intercontinental Bank Plc, on Wednesday, March 13, 2019, told Justice Mojisola Olatoregun of the Federal High Court sitting in Ikoyi, how the defendant diverted funds from the bank and bought some properties in London for the total sums of £9.7m. The prosecution had, on Tuesday, March 12, opened the trial of the former bank chief. One of the counts reads: "That you, Dr. Erastus B.O. Akingbola, whilst being the Managing Director and Chief Executive Officer of Interconti…