Akingbola returns to Nigeria
August 4, 2010 07:09AM
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The embattled former chief executive officer of Intercontinental Bank, Erastus Akingbola, has returned to the country, months after he was declared wanted by the Economic and Financial Crimes Commission.

Mr. Akingbola arrived in Nigeria yesterday and may be meeting with agents of the anti-graft commission today.

The former bank executive is being investigated by the commission over allegations of fraudulent abuse of credit process, insider trading, capital market manipulation, and money laundering running into billions of naira.

Last year, the Central Bank of Nigeria sacked some bank chiefs, including Mr. Akingbola, in a move to cleanse the banking sector. While his colleagues were arrested and are standing trial in some cases, Mr. Akingbola was abroad and decided to stay away from Nigeria.

In July this year, the Federal Government sent a formal request to the government of the United Kingdom for his arrest and extradition to Nigeria.

As of press time, it was unclear if the request was responsible for his decision to return to the country.

It was also not immediately known if the EFCC would arrest him.



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Don't be surprised this is related to the ongoing dangote nse battle

Let him face trial like others