…over alleged N47bn scam

By EMMAN OVUAKPORIE

ABUJA -THE Economic and Financial Crimes Commission, EFCC, Thursday filed a 28 count charge against former Managing Director of Intercontinental Bank PLc, Erastus Akingbola, his wife Anthonia and a long time family friend Mr Bayo Dada over alleged N47billion scam bordering on Money Laundering and other sundry offences.

The commission relied on Section 390[7] Criminal Code Cap of Lagos Laws of 2003 to file the case against the trio in a Lagos High Court in the Ikeja Division.

The First count read thus that you Akingbola  sometime in March 2009 stole the sum of eight million, five hundred and forty thousand , one hundred and thirty eight pounds forty eight pence(#8,540, 138.48,) property of Intercontinental Bank PLc, fraudulently converting it to your personal use.

The second count also read that you Akingbola sometime in June 2009 stole N2000million property of Intercontinental Bank Plc, converting it to the property of Tropics Property a company, which you are a director.

The third count read: you Akingbola as CEO of Intercontinental Bank PLc sometime in March 2009 stole the sum of N2 billion, 108million,one hundred and thirty five thousand , four hundred and eighty four sixty kobo, property of Intercontinental Bank PLc fraudulently converting it to your personal use.

The anti-graft body had, Tuesday, detained the embattled former MD and other nine bank chiefs but were granted administrative bail by the commission but fresh charges were made against them bordering on Money Laundering.

The prominent ones  among them were Akingbola, Sebastine Adigwe, former CEO of Afribank and Okey Nwosu of FinBank Plc and the others that were not named.

The trio of Akingbola, Adigwe and Nwosu, eight other ex-executive directors were interrogated over fresh information of stealing depositors funds while they held sway at the named banks.