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Court orders sale of Erastus Akingbola's Cayman Island properties to recover N164n debt

Ex- Group Managing Director of the defunct Intercontinental Bank Plc, Erastus Akingbola’s properties in Cayman Islands have been frozen by the Grand Court of Cayman Islands in a bid to recover a debt of N164 billion from him. The property is known as 2 Cambridge Court.

This comes after his properties, some flats at 17, 18, 19&20, Embassy Court London, NW 8, London, were sold.


Access Bank, which acquired Intercontinental Bank in 2012, had filed a debt recovery action in a London High Court, in respect of the sum said to have been converted and allegedly misappropriated by Erastus Akingbola who was also saddled with the responsibility of paying for the cost incurred by Access Bank while processing the case.

The court in a ruling by Mr Justice Andrew Jones QC, also granted a default judgment in the sum of N238,471,484, 162 and 1.8 million pounds in favour of Access Bank with interest from April 2014 until payment is made.

>>>http://www..com/court-orders-sale-of-erastus-akingbolas-cayman/

Law courts nd their own style

hmmmm law

Think twice before you invest in London

Thesame way they sold Intercontinental Bank, that same way will happen Access Bank at last. Access Bank cannot escape/survive it. Nemesis must surely cash them up in Access.

Hmm Access Bank, Access Bank, Access Bank, how many times did i call your name AIG Imoukhuede. You are stealing from a thief. this is taboo in the Thieving Community

too bad for him so after they recover N164 billion for him, how do they expect to feed his family

sorry man, thats life for u