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More trouble for Akingbola

By  Emma Ovuakporie

ABUJA—The Economic and Financial Crimes Commission (EFCC), may file fresh charges against the former Managing Director of Intercontinental Bank Plc, Mr. Erastus Akingbogbola, over an alleged 10 million pounds scam bordering on alleged money laundering and misappropriation of public funds.

According to an impeccable source close to EFCC, operatives in the course of their investigations, discovered that the former bank CEO had laundered 10 million pounds belonging to the new generation bank.

It was further discovered that despite all attempts made by the former bank chief in active collaboration with some yet-to-be-disclosed persons  to conceal the money, the operatives unearthed it.

The source further explained that “from all indications, the agency will press for further charges against the run-away  former bank CEO.”

EFCC had earlier in the week concluded plans to file papers to extradite Akingbogbola, who escaped on August 14, day CBN slammed five banks over alleged insider trading, manipulation of share prices and other unwholesome banking practices.


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