former Vice-Chairman and Chief Executive Officer of Intercontinental Bank Plc, Dr. Erastus Akingbola, made a surprise return to the country yesterday and is said to be ready to challenge allegations levelled against him by the Central Bank of Nigeria (CBN). Akingbola, who has been in the United Kingdom since the CBN removed him and other bank CEOs last year, arrived Abuja in the morning. He was received by close family members as well as his lawyer, Chief Felix Fagbohungbe (SAN).

"Akingbola's voluntary return to the country is to defend himself of all allegations against him in the law courts. His return shows that he is not afraid to face trial in proper courts of law. He is presently consulting with his legal team and the outcome of these consultations would determine his next steps," a family source said last night, hinting that Akingbola may report to the office of the Economic and Financial Crimes Commission (EFCC) today. Akingbola "emphatically denies all allegations of wrong-doing or improper conduct", the source added, disclosing that the former CEO has challenged the legal validity of his removal from office as Group Chief Executive of the Intercontinental Bank Plc by way of Judicial Review.


The case, mentioned in London court on July 14, 2010, was adjourned till December, 2010. According to the counsel, all the transactions conducted under Akingbola's stewardship were legitimate and lawful and that he never wrongly took or misappropriated any funds whatsoever. He said if there were any allegations against Akingbola, they should be left up to an impartial and fair court to decide, stressing that by resorting to trial in the court of public opinion through the media, his accusers are turning themselves into the complainant, the prosecutor and the judge.

"He would like to reassure Nigerians that he is and has always been prepared to come home, once he is sure of his personal safety and that of his family, and confident that no steps will be taken to attempt to implicate him in other crimes as a way of forcing him to withdraw his case in court against the CBN. "His whereabouts are known to the United Kingdom authorities. He is not now or ever been in hiding," said the counsel.

http://www.thisdayonline.com/nview.php?id=179950

This is an afterthought approach. Apparently, there are few hiding places around the world for the criminally minded. Ibori certainly has confirmed that to us, else he would have still been living large and far away from the arms of the law.
Lets hope Bode George gets to receive a son in infamy pretty soon.

They should send him straight to kirikiri where he belongs. Ole buruku

Sometimes I think we need to apply sharia law to this people cos at the end now our law will free him

i guess he came back knowing how lax our laws are here.

if he had been taken in overseas, he definitely will be languishing in one jail or the other.

but here, i am sure this morning the baga will eat hot Amala and Gbegiri, have prayer warriors praise God for his safe arrival, spend two nights in comfort with EFCC and come out in the open to claim he is being persecuted by unseen and unknown enemies who are envious of his achievements.

bloody thieving buffoons.

Nchara:

They should send him straight to kirikiri where he belongs. Ole buruku

for what offence? has he been found guilty?

Ah my God! He has returned to share in the loot of Ondo State with his brother Mimiko. Nemesis will catch up with all of you one day.

knotty:

"Akingbola's voluntary return to the country is to defend himself of all allegations against him in the law courts. His return shows that he is not afraid to face trial in proper courts of law.[b][/b]

why not come back immediately,why so many months later,ok so as to settle all settleables.we sabi una trick,enough of all this nonsense.

[size=14pt]Come to think of it where is Madame Ibru and the other guys they arrested last year. If a Chinaman can prefers our judicial system,  why won't a well heeled Nigerian like Akingbola.[/size]

This Akingbola of a guy don go do final packaging of his looted cash for abroad now him don ready to go court talk about maradona style

I dont just know the modus operandi of this nation.If u steall a goat u would be totally humiliated but if u steal billions of naira,u would be praised.U can imagine all there rogues being praised.

He came back because all his foreign Account have been frozen. No money to play around with again.

Akingbola knew that all law enforcement agency have their hands full presently with 'Jonathan contesting or Jonathan not contesting saga' currently enveloping our beloved country Nigeria that was why he came back boasting and barking like a victor that is sure he will win.
Anyway, following the trend in Nigeria, when presidential election is approaching that is the time alot of attrocities is committed because many people will be concentrating on the masquerades i.e the contestants and all the diversion associated with it.
Akingbola, sing and dance while it last b4 the masquerade dance is over.

Akingbola knew that all law enforcement agency have their hands full presently with 'Jonathan contesting or Jonathan not contesting saga' currently enveloping our beloved country Nigeria that was why he came back boasting and barking like a victor that is sure he will win.
Anyway, following the trend in Nigeria, when presidential election is approaching that is the time alot of attrocities is committed because many people will be concentrating on the masquerades i.e the contestants and all the diversion associated with it.
Akingbola, sing and dance while it last b4 the masquerade dance is over.

[size=14pt]I think Ibru probably enconraged him to come back. Edwin Clerk, Jonathan’s right hand man is pulling the strings, don’t be surprised he would walk.[/size]

Ah, so the old fool is back?
His Criminal mentor and spiritual father Pastor Eunuch Adeboye probably urged him to come back and loot some more in the name of jesus.

Either way, its more money for G.O.
I heard theres now anti-efcc offering at RCCG? It mandates God to protect your riches from EFCC.

He had the courage to return because he knows he can settle EFCC (bribe) and the judge

Maybe it might work out for him

toba:

for what offence? has he been found guilty?

What planet are you from? Are you telling me you dont know what has been going in this country

Letter to Erratus!!


Welcome back sir!
well i', guessing you came back when you learnt that a request had been forwarded for your extradition, eh ya! sorry o!
moreover the freezing of those UK assets may have also eaten into you a bit.
Im also sure sir that you have many ''hidden'' acccounts in nija that you can tap into to take care of that EFCC babe,em whats her name sef? Fayrouz abi na farida?ok Farida.
So welcome back , we all know you wont go to jail anyways, cos this is nija and you are a very big man.
So go to church next sunday and do a lavish thanksgiving ceremony+a healthy donation to that new building project.

and after everything, you should remember those people who were sacked because of the monies you stole and send them something too

yours

a member of your flock.

Tudór:

Ah, so the old fool is back?
His Criminal mentor and spiritual father Pastor Eunuch Adeboye probably urged him to come back and loot some more in the name of jesus.

Either way, its more money for G.O.
I heard theres now anti-efcc offering at RCCG? It mandates God to protect your riches from EFCC.

Tudor, may the Lord forgive your blasphemy

What crime, or naive EFCC. the EFCC is an ethnics bias body.  And the EFCC is naive of  international law. Look I can buy a $10 million house without putting down $1. And you people in nigeria would say I stole money. This is not how they do thing. Waziri need training on international law, banking and others, I am sorry to say Waziri is naive. Most of the things she has been arresting people for are thing that shows she is naive.

When you go to the stock exchange to collect money. It would take the banks time, even years to expand. Bank goes to the stock exchange. And they take the money to expand thier business. You dont make money even in the first 3 three. It takes time to see your stock make money. Stocks are not KALOKALO. Nobody get its money back in 3 years. Stock are for been part owner of the company, that you can transfer to your children or grand children. I know the concept of stock trading is still new to nigerian.

When last did waziri go for training or courses.?? When was the last time. ?? Send her on course abroad.

I just can`t stop laughing after reading all these post, I guess they have really sought things out, I thought he is a brave looter, He is a Coward,why did he run away in the first place, He thinks he can deceive God if he truly exist?Stinking dumb backside.

Welcome back. The loot has been stashed away so carefully it would not be discovered, abi? You da man!

What it means is Akingbola has lost his % of the bank. And other people own it. If you take a company to the stock exchange. You lost nearly half or more of the ownership of the bank.  What it means is 50 or 70% of the bank is own by other nigerian. This is what stock is .

All talk and no action guess EFCC favorite activity is to waste resources with getting any meaningfull results, just accusation upon accusations

TUDOR, i knew i wud find u on dis thread, d only thread where ur BRAINS function,

Welcome back, at least RCCG in Nigeria will start benefitting from this tithe and offerings.

He must have solicited the help of obasanjo on how to beat fraudulent charges in nigeria with the added avantage that jonathan is proving to be lame-duck in the fight against corruption.

However,can someone remind us of his crime once again?

let the law takes its course

These muderfuckers that big shots in nigeria are very insignificant in developed world that is why they can take any risk to live in nigeria even with their atrocities,knowing fully well that mago-mago is the order of the day in nigeria.

biggest schmock and twit of 2010

Akingbola Arrested By EFCC

Returning fugitive and rogue banker, Erastus Akingbola, the former MD/CEO of Intercontinental Bank surrendered to the Economic and Financial Crimes Commission (EFCC) officials in Abuja today after his 'safe" return to Nigeria yesterday.

Mr. Akingbola came in company of his attorneys to the EFCC headquarters today at 10: 30 AM. He was immediately arrested and his interrogation for money laundering began immediately.

EFCC officials said they plan to keep the banker in detention pending conclusion of interrogation.



http://saharareporters.com/news-page/akingbola-arrested-efcc