By ABDULWAHAB ABDULAH, ONOZURE DANIA & DONALD ARJI

IKEJA—Managing Director of Chart Well Securities Limited, Mr Olawale Adeosun,  one of the companies allegedly used in transferring funds by former managing director of Intercontinental Bank Plc, (now Access Bank), Erastus Akingbola, yesterday, denied before an Ikeja High Court, Lagos, that his company ever had any deal with him.

Adeosun, who was subpoenaed  by the court to give evidence under request by the defence lawyer, said rather his company dealt with the Corporate Treasurer of Intercontinental Bank, Mrs Toyin Oyelade, who requested for the assistance of his company in a N2.5 billion transfer transaction.

Led in evidence by Akingbola’s counsel, Mr. Abubakar Shamshudeen, he said he never  transferred any N2.5 billion into the account of Tropics Finance Limited.

Akingbola and Bayo Dada, General Manager of Tropics Finance Limited, are answering charges of stealing of N47.1 billion belonging to Intercontinental Bank (now Access Bank) before Justice Habeeb Abiru.

The witness said Akingbola did not participate in the transfer of N2.5 billion into the account of Tropics Finance Limited.

Further hearing of the matter continues today.