caption: Rogue banker, Erastus Akingbola
By SaharaReporters, New York
A London court has found former Chief Executive Officer of the defunct Intercontinental Bank PLC, now Access Bank, Erastus Akingbola, GUILTY of stealing and diverting billions of depositors’ funds to buy properties in the United Kingdom and for buying shares for himself in order to manipulate its share price in the stock market.
The court ruled that Akingbola was liable for directing the bank to buy its own shares at a loss of about 145 billion naira ($ 902 million), siphoning money to companies controlled by him or his family and using Intercontinental
Tuesday 31 July 2012
Rogue Banker, Erastus Akingbola, Looted Intercontinental Bank, UK Court Finds …Ordered To Refund N165 Billion Stolen From Depositors’ Fund
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