Akingbola admits owning N346bn assets, £11m – The Punch
January 11, 2010 by Bunmi Awolusi · Comments Off
Strong indications emerged on Sunday that the former Chief Executive Officer of Intercontinental Bank Plc, Mr. Erastus Akingbola, may have admitted that he owns the N346bn and £11m in six Nigerian banks earlier frozen by a Federal High Court in Lagos on December 31.
CBN ‘ll rid banks of criminals – Sanusi – Vanguard
November 9, 2009 by Bunmi Awolusi · Comments Off
Governor of the Central Bank, CBN, Mr. Lamido Sanusi, has vowed that there will be no respite for banks on corporate governance, insisting that this will help rid the industry of criminals.
Meantime, the Economic and Financial Crimes Commission (EFCC) will, today, file a 20-count charge against the former Managing Director of Intercontinental Bank Plc, Mr Erastus Akingbola, in a Federal High Court in Lagos, with a view to extraditing him from Britain.
EFCC arraigns Atuche, Ojo in court today – The Nation
October 28, 2009 by Bunmi Awolusi · Comments Off
The sacked managing directors of Bank PHB and Spring Bank, Messrs Francis Atuche and Charles Enaholo Ojo will be arraigned today before a Federal High Court in Lagos.
The Nation learnt yesterday that they would be arraigned on a 26-count charge filed earlier this week by the Economic and Financial Crimes Commission (EFCC).
N4.5b Sunburn Yatch: Court Restrains Lagos From Moving Vessel – Daily Independent
October 20, 2009 by Bunmi Awolusi · Comments Off
A Federal High Court in Lagos has restrained the state government and Multi-Purpose Infrastructural Development Company (MIDC) from moving the vessel containing the Sunburn Yatch Hotel out of Lagos pending the determination of a suit filed by Loneseed Nigeria.
Bail: Ebong, Adigwe, Ibru Know Fate Today – Daily Independent
September 14, 2009 by Bunmi Awolusi · Comments Off
Three former bank Managing Directors (MDs) – some of whom have been in custody for over four weeks – will today get the ruling of the Federal High Court in Lagos on their bail applications in their trial for the alleged misappropriation of over N500 billion.
EFCC declares Ibru’s son’s nanny wanted over N15b bad loans – The Nation
August 31, 2009 by Bunmi Awolusi · Comments Off
The Economic and Financial Crimes Commission (EFCC) will today get the date for the trial of 16 bank executives and 68 debtors in its custody, it was learnt yesterday.
The commission also yesterday declared Mrs. Nananshettu Bedell (a one-time nanny to one of the children of Mrs. Cecilia Ibru) and an Abuja businessman, Mr. Dele Oye, wanted.
CBN urges court to dismiss Akingbola’s suit – The Nation
August 28, 2009 by Bunmi Awolusi · Comments
The Central Bank of Nigeria (CBN) and its governor, Malam Sanusi Lamido Sanusi, yesterday urged a Federal High Court in Lagos to dismiss a suit by former Vice-Chairman and Group Chief Executive of Intercontinental Bank Plc, Mr. Erastus Akingbola, for lack of jurisdiction.
Akingbola goes to court, seeks N50bn damage – Daily Trust
August 19, 2009 by Bunmi Awolusi · Comments Off
Sacked Managing Director of Intercontinental Bank Mr. Erastus Akingbola yesterday got a court permission to apply for the judicial review of his removal by the Central Bank of Nigeria last week.
The permission was granted by the Federal High Court in Lagos, following an application by Akingbola against the apex bank and the Nigeria Deposit Insurance Corporation (NDIC), challenging his sack as chief executive of Intercontinental Bank. He is also seeking for N50 billion as damages.
