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Akingbola’s detention not in violation of any court order – EFCC

By Innocent Anaba

LAGOS — The Economic and Financial Crimes Commission, EFCC, said, weekend, that the detention of former Chief Executive Officer of Intercontinental Bank, Dr Erastus Akingbola did not violate any court order.

EFCC in a statement by its Head, Media and Publicity, Mr Femi Babafemi, said it was misleading for Akingbola to create the impression that the EFCC was holding on to him in contravention of an order by Justice Achibong of the Federal High Court, Lagos.

Babafemi said: “We wish to state that this information is not only totally misleading, but equally designed to generate undeserved public sympathy for an accused that has been validly charged to court for theft.”

In the charges filed against the accused person, Akingbola was alleged to have converted over N50 billion belonging to Intercontinental Bank to personal use under false pretence.

Anthonia and Dada were alleged to have defrauded the bank by obtaining over N10billion from it under the false pretence that it was indebted to Tropics to purchase the bank’s shares on its behalf.

The offences are punishable under Section 390(7) of the criminal code law cap 17 laws of Lagos State, 2003, Section 427 of the criminal code law cap 17 laws of Lagos State, 2003, Section 1 (1)(a) of the Advance Fee Fraud and other related Offences Act 2006.


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