The case against Akingbola, by EFCC – The Nation
December 9, 2009 by Bunmi Awolusi
The Economic and Financial Crimes Commission (EFCC) yesterday insisted that a former Group Chief Executive of Intercontinental Bank Plc, Mr. Erastus Akingbola, has a case to answer over how N10billion was illegally transferred to three firms linked to him.
The commission, which also released the details of the transfer, asked Akingbola to come out of hiding to prove his innocence.
Akingbola was sacked by the Central Bank of Nigeria (CBN) alongside four other bank chiefs in August over alleged insider abuse and non-performing loans of about N747billion.
Akingbola fled the country to avoid being tried by the EFCC.
The EFCC has, however, initiated plans to extradite Akingbola from Britain where it was recently discovered that he had allegedly laundered over £10.3million.
