The Economic and Financial Crimes Commission, EFCC has declared wanted the recently sacked Chief Executive Officer of Oceanic International Bank Plc, Mrs. Cecilia Ibru, and her Intercontinental Bank Plc counterpart, Mr. Erastus Akingbola.

According to a statement released on Sunday by the anti-graft agency, “the two former bank executives are wanted in connection with fraudulent abuse of credit process, insider trading, capital market manipulation and money laundering running into billions of Naira.”

Executive Chairman of the EFCC, Mrs. Farida Waziri, directed that the two former bank executives be declared wanted at the weekend following their failure to honour the Commission’s invitation.
“Apart from failing to honour the Commission’s invitation, intensive search for the two executives in the last one week has not been successful. They obviously went into hiding to evade arrest.

“This development has made it imperative for the Commission to solicit for useful information from Nigerians who know their whereabouts.
“In the same vein, it is necessary to warn that anybody who harbours the two former bank executives will be treated as an accomplice or accessory to crime,” the statement added.


Femi Babafemi
Head, Media & Publicity
23/8/09


http://www.efccnigeria.org/index.php?option=com_content&task=view&id=700&Itemid=34

they have gone on conpulsory exile. i wonder who is next?

According to a statement released on Sunday by the anti-graft agency, “the two former bank executives are wanted in connection with fraudulent abuse of credit process, insider trading, capital market manipulation and money laundering running into billions of Naira.”

Those are serious offences if proven, and most other banks in Nigeria will be guilty of these offences as they both act almost in the same way. Time will tell if EFCC has the spine to prosecute these five CEO's as they will spill the beans in self defence and self preservation, Lamido may not be exempt as he was part of the First bank.


The last we heard was that Erastus Akingbola is in  the UK.

Was it not rumoured that cecilia Ibru was arrested why trying to fly Jimoh Ibrahim's private jet to Ghana, or has she succeded in flying commercial Airliner to the USA or Dubai.

There are so many incomptence in Nigeria including the EFCC. They knew that not all these people will surrender, they should have invite all of them together before removing them, and then arresting them for brief chat, take away their passport, and freeze their account's once there is a prima facie case against them.

They will now be chasing shadows as usual.

vigasimple:

According to a statement released on Sunday by the anti-graft agency, “the two former bank executives are wanted in connection with fraudulent abuse of credit process, insider trading, capital market manipulation and money laundering running into billions of Naira.”

Those are serious offences if proven, and most other banks in Nigeria will be guilty of these offences as they both act almost in the same way. Time will tell if EFCC has the spine to prosecute these five CEO's as they will spill the beans in self defence and self preservation, Lamido may not be exempt as he was part of the First bank.


The last we heard was that Erastus Akingbola is in  the UK.

Was it not rumoured that cecilia Ibru was arrested why trying to fly Jimoh Ibrahim's private jet to Ghana, or has she succeded in flying commercial Airliner to the USA or Dubai.

There are so many incomptence in Nigeria including the EFCC. They knew that not all these people will surrender, they should have invite all of them together before removing them, and then arresting them for brief chat, take away their passport, and freeze their account's once there is a prima facie case against them.

They will now be chasing shadows as usual.

no mind them(govt) they know what they are doing jare. god go punish them if they no prosecute them. i think say the seven days ultimatum suppose don expire.

Abi the 2 top executives don alams comot ?

Drama

They should be caught.Corporate Thieves

Corruption everywhere. Why will EFCC give them freedom. Somebody must be a fool:

The Runaways or the EFCC