Failed banks: Obieri, 6 others challenge EFCC’s action – Vanguard
February 16, 2010 by Bunmi Awolusi · Comments Off
Former chairman of the Intercontinental Bank Plc, Chief Raymond Obieri, and six other former Directors of the Bank, who are facing corrupt charges preferred against them by the Economic and Financial Crimes Commission, EFCC, before a Federal High Court sitting in Lagos, have challenged the amended charge brought against them by the commission.
Akingbola: Court rules on request to stop EFCC March 1 – The Nation
February 11, 2010 by Bunmi Awolusi · Comments Off
A Federal High Court in Lagos has fixed March 1 for ruling an the application filed by the former Managing Director of Intercontinental Bank Plc, Dr Erastus Akingbola, seeking to void the court’s earlier order which empowered the Economic and Financial Crimes Commission (EFCC) to freeze his accounts and confiscate his assets.
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.
Akingbola’s associates to know fate Jan 15 – Daily Trust
January 8, 2010 by Bunmi Awolusi · Comments Off
Justice Tijani Abubakar of the Federal High Court, Lagos will on January 15, decide whether to grant bail to six senior officials of Intercontinental Bank Plc currently standing trial over charges of fraudulent conversion and illegal transfer of N26 billion belonging to the bank.
EFCC may take over Akingbola’s radio station – The Nation
January 7, 2010 by Bunmi Awolusi · Comments
The Economic and Financial Crimes Commission (EFCC) yesterday sealed off another property belonging to former Chief Executive Officer of Intercontinental Bank Plc Dr. Erastus Akingbola.
The house is located at No. 2, Bedwell Road, Ikoyi.
Court remands Akingbola’s associates in EFCC custody – The Nation
January 5, 2010 by Bunmi Awolusi · Comments
Justice Tijani Abubakar of the Federal High Court, Lagos yesterday ordered that six associates of the sacked Managing Director, Intercontinental Bank Plc, Dr. Erastus Akingbola, be remanded in an Economic and Financial Crimes Commission (EFCC) detention facility.
N200 billion suit: Court dismisses Akingbola’s companies suit against EFCC – Tribune
December 17, 2009 by Bunmi Awolusi · Comments Off
A Lagos High Court sitting in Ikeja, on Wednesday dismissed a N200 billion suit, instituted by four companies belonging to the sacked former Chief Executive Officer of Intercontinental Bank Plc, Dr. Erastus Akingbola, against the Economic and Financial Crimes Commission (EFCC).
Court warns Sanusi, others over media war on sacked bank chiefs – Vanguard
December 3, 2009 by Bunmi Awolusi · Comments Off
A Federal High Court, Lagos yesterday warned all parties in the cases involving the sacked bank chiefs to refrain from making media comments on the issues before the court.
The judge, Justice Ibrahim Auta, said making comments on matters before the court was prejudicial and that it was only in Nigeria that such a thing was possible not minding the consequences and legal implications.
Intercontinental Bank Nigerian Get E-Pay Awards
October 12, 2009 by Bunmi Awolusi · Comments Off
Intercontinental Bank Plc has once again demonstrated its strength in the e-payment business by emerging winners of the Best e-payment Bank of the year and Best e-payment Team of the year awards.
The awards, organised by InterSwitch Limited at the Annual Techno Interactive Conference held in Calabar, Cross River State last week, were won based on the bank’s market dominance and leadership of the domestic card and channels business in the Nigerian e-payment industry.
Foreign govts caution investors on Nigerian troubled banks – The Guardian
September 3, 2009 by Bunmi Awolusi · Comments Off
Two foreign investors, allegedly pre-selected by the Central Bank of Nigeria (CBN) for the planned sale of five banks in the country, may have turned down the offer, going by indications emerging from London, United Kingdom (UK). They were slated to invest in Intercontinental Bank Plc and Afribank Plc.
