Erastus akingbola latest news
Erastus Akingbola is a Nigerian banker and former CEO of Intercontinental Bank Plc. Here are some of the latest news and updates about him:
- Court Judgment: In 2019, a London court ruled that Akingbola was liable for the mismanagement of Intercontinental Bank Plc, which led to a loss of £1.1 billion (approximately N450 billion). The court ordered him to pay back the amount.
- Appeal: Akingbola appealed the judgment, arguing that the court had no jurisdiction over the matter. However, his appeal was dismissed in 2020.
- Forfeiture of Assets: In 2020, the Nigerian government seized some of Akingbola's assets, including a luxury property in Lagos, as part of efforts to recover the stolen funds.
- Extradition Request: The UK authorities have requested Nigeria to extradite Akingbola to face trial in the UK over the alleged fraud.
- Investigation: The Economic and Financial Crimes Commission (EFCC) is still investigating Akingbola over the alleged fraud and mismanagement of Intercontinental Bank Plc.
- Lawsuit: Akingbola has filed a lawsuit against the EFCC, alleging that the commission is harassing him and seeking to intimidate him into making false confessions.
- Assets Recovery: The Nigerian government has recovered some of the stolen funds, including N10 billion (approximately £22 million) from Akingbola's accounts.
- Investment Scam: Akingbola has been accused of being involved in an investment scam, where he allegedly defrauded investors of millions of dollars.
These are some of the latest news and updates about Erastus Akingbola. Please note that the information may be subject to change as new developments emerge.