The Federal Government has sent a formal request to the government of the United Kingdom for the arrest and extradition to Nigeria of Erastus Akingbola, former managing director and chief executive officer of Intercontinental Bank. He is to face trial for fraud allegedly committed by him during his tenure as chief executive of the bank.


The letter, dated July 1, and signed by the Attorney General of the federation, Mohammed Adoke, was addressed to the British Home Secretary, the Home Office, and the United Kingdom Central Authority, London.

The request by the government was consequent upon a request from the Economic and Financial Crimes Commission (EFCC) for Mr. Akingbola to be extradited to face trial for 28 charges preferred against him for fraud-related offences at the bank.

List of offences

The charges cover allegations of financial misappropriation, money laundering, financial malpractices, corrupt practices, and other related offences pending against him at the Federal High Court (FHC), Lagos.

The Attorney General, who prayed the Home Secretary to grant the request in the interest of justice, said government's action was pursuant to the Extradition Act (Designation of Part 2 Territories) Order 2003 (SI2003 No.3334) of the United Kingdom, for the purpose of his being brought home to stand trial for the offences he is being charged.

The request was supported with an affidavit deposed to by Ibeakaku Nkechi Rita, a deputy superintendent of the EFCC, as well as a certification signed by Ahmed T. Almakura, senior state counsel of the Federal Ministry of Justice.

History

In the wake of the Central Bank of Nigeria (CBN) intervention in the nation's banking sector, which resulted in the sack of the chief executives of five banks last year, Mr. Akingbola, who was abroad when he was sacked along with others, decided to stay away from the country.

This led to his being declared wanted by the anti-graft agency. He was declared wanted in connection with alleged fraudulent abuse of credit process, insider trading, capital market manipulation, and money laundering running into billions of naira.

Though several requests were reportedly sent to various international security agencies around the world, including the INTERPOL to help facilitate Mr. Akingbola's arrest and extradition, these appear to have been to no avail.

Property sealed off

Early this year, the EFCC sealed off his Lagos home, located at 12, Ruxton Road in Ikoyi, in line with the order of the Federal High Court, Lagos, presided over by Justice Tijuana Abubakar, that his assets be seized and his bank accounts frozen to help recover depositors' fund, allegedly misappropriated under his stewardship in the bank.

The court also granted an order of Mareva Injunction restraining Mr. Akingbola, his wife, Anthonia Tolulope Akingbola, his children, relatives, solicitors, servants, associates, trustees, agents, privies and companies from removing, alienating, disposing of, or diminishing the value of assets whether held directly or indirectly, or for his benefit within the jurisdiction of the court up to the amount set out, pending his trial.

The arrest and extradition order, which was dispatched by DHL Courier Services for his service at his known abode at No. 26 Chester Terrace, London, England, NW 14 ND, also restrained him from giving directions for sale, transfer, alienation, disposal, dealing with stocks, or other forms of securities held or kept by the central securities clearing system in Nigeria, or any custodian, stock broker, registrar, held whether directly or indirectly by him.

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The Lord will send chariot of angels to save him. . . .

THIEF

Ibime:

The Lord will send chariot of angels to save him. . . .

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