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Nairaland Forum / Nairaland / General / Politics / Court Sets N500 Million Record Bail For Akingbola (3299 Views)
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Court Sets N500 Million Record Bail For Akingbola by oriauwa: 4:33pm On Aug 30, 2010 |
A Federal High Court in Lagos has set a record N500 million bail for disgraced banker and former boss of Intercontinental Bank of Nigeria, Erastus Akingbola over charges of fraud. The bail amount is the highest for other bankers charged with similar offences by Nigeria’s anti financial crimes agency, Economic and Financial Crimes Commission (EFCC). Akingbola was fired by Nigeria’s apex bank, Central Bank of Nigeria (CBN) last year along with four other bank chief executives for mismanging their banks and other fraudulent activities. "I think the bail condition is fair having regards to the facts of the case," Rickey Tarfa, a lawyer for Akingbola told reporters outside the Federal High Court in Ikoyi. Despite the stiff conditions, Akingbola is expected to make bail. He is personal wealth runs into billions and has two private jets in his name and choice properties running into billions both in and outside of Nigeria. The banker will remain in EFCC’s custody pending when bail conditions are met. |
Re: Court Sets N500 Million Record Bail For Akingbola by Kennyblues(m): 4:58pm On Aug 30, 2010 |
Its ridiculous |
Re: Court Sets N500 Million Record Bail For Akingbola by blank(f): 2:15am On Aug 31, 2010 |
Its ridiculous that he can afford such while ordinary shareholders are being hounded to repay the loans we took to buy shares in his bank. Money that he stole and can now use to buy his way out of jail. |
Re: Court Sets N500 Million Record Bail For Akingbola by donblacky(m): 3:01am On Aug 31, 2010 |
see mony eeh |
Re: Court Sets N500 Million Record Bail For Akingbola by goksonjay(m): 3:10am On Aug 31, 2010 |
i still want to believe that things are not being done properly.big guns like Saraki,Dangote and SLS owed Nigerian some explanation if truth need be told.i cross my hands watching for now |
Re: Court Sets N500 Million Record Bail For Akingbola by Gayigaskia(m): 3:13am On Aug 31, 2010 |
Only in Nigeria you can be rich as quick as from 0 to 300km/s .This is what is wrong with Nigeria not any particular tribe as many here on NL would want to sugest. |
Re: Court Sets N500 Million Record Bail For Akingbola by igboboy1(m): 3:45am On Aug 31, 2010 |
Chai judge wicked o N500 million gini? |
Re: Court Sets N500 Million Record Bail For Akingbola by jot01(m): 4:01am On Aug 31, 2010 |
500 Million Kobo or what ? Why on earth will be court charge such huge amount. Thats means his Guilty is of the charges and he has to refund 1% of the Money he took. Tell me, why cant the court charge politicians as well, Na wa oooo |
Re: Court Sets N500 Million Record Bail For Akingbola by MSRA(m): 5:18am On Aug 31, 2010 |
Im sure he will provide the bail. But how fair is this? What was the bail for Ms Ibru? are they comparable? well the fact that Ibru never hotfooted it to the UK will probably count in her favour. |
Re: Court Sets N500 Million Record Bail For Akingbola by jot01(m): 5:45am On Aug 31, 2010 |
But what about the Politician own? He worse pass this people own nowww |
Re: Court Sets N500 Million Record Bail For Akingbola by Nobody: 7:13am On Aug 31, 2010 |
What is wrong with some people here? Shouldn't they be more concerned that this guy could even afford such an amount for his bail, instead of criticizing the judge? Had they been bankrupted or directly affected by Akingbola's corrupt practices, I doubt they'll be spewing such craps. Whether or not some politician were charged less does not change the fact that Akingbola was a thief, and he deserves what he got. We ought to stop sympathizing with thieves, If we are gonna make progress in fighting corruption. |
Re: Court Sets N500 Million Record Bail For Akingbola by goggle4rea: 7:26am On Aug 31, 2010 |
The guy is in money in fact stokkly rich and bastad money so he can the money and of course is our money. |
Re: Court Sets N500 Million Record Bail For Akingbola by jokingmary(m): 7:40am On Aug 31, 2010 |
igbo boy:Na so we see am o |
Re: Court Sets N500 Million Record Bail For Akingbola by megastu(m): 8:04am On Aug 31, 2010 |
If Nigeria can allow Buhari become president, we will see if people like akingbola, dangote etc will not go into Exile. |
Re: Court Sets N500 Million Record Bail For Akingbola by pappy4real(m): 8:09am On Aug 31, 2010 |
lets not foget that only 10% of bail charges are actually paid in cash others are properties worth the remaining amount, so this man can actually pay N50 million and get the bail. Oh my country-a place where the rich get richer and always get away with their criminal deeds and the poor get poorer and pay for both their deeds and the rich fools deeds |
Re: Court Sets N500 Million Record Bail For Akingbola by jokingmary(m): 8:15am On Aug 31, 2010 |
pappy4real:True |
Re: Court Sets N500 Million Record Bail For Akingbola by usbcable(m): 8:51am On Aug 31, 2010 |
QUESTION: who gets the money f.g or lagos state or judiciary/law enforcement agents. |
Re: Court Sets N500 Million Record Bail For Akingbola by Buthupogon(m): 9:31am On Aug 31, 2010 |
This shouldn't be a suprise to us, cos' it's nt to me. It's a common phenomenon in Nigeria. It's da thing that encourages every potential/real looters. Imagine me stealing #100 and been asked to pay 5kobo for my bail. It's sadly funny. To d last poster; it's da money which belongs to U & I. |
Re: Court Sets N500 Million Record Bail For Akingbola by Buthupogon(m): 9:31am On Aug 31, 2010 |
This shouldn't be a suprise to us, cos' it's nt to me. It's a common phenomenon in Nigeria. It's da thing that encourages every potential/real looters. Imagine me stealing #100 and been asked to pay 5kobo for my bail. It's sadly funny. To d last poster; it's da money which belongs to U & I. |
Re: Court Sets N500 Million Record Bail For Akingbola by matnxmomah(m): 10:09am On Aug 31, 2010 |
dat this man can afford to meet-up with such bail condition should be more source of worry n a confirmation of his guilt. as far as we continue to treat issues of corruption with kid-gloves and sympathy the impossible it becomes for us to alleviate ourselves and country from the economic quagmire we presently find ourselves, |
Re: Court Sets N500 Million Record Bail For Akingbola by 2makesense: 10:11am On Aug 31, 2010 |
"I think the bail condition is fair having regards to the facts of the case," Rickey Tarfa, a lawyer for Akingbola told reporters outside the Federal High Court in Ikoyi. What’s the issue the bail is too much or that the young man can afford it?, |
Re: Court Sets N500 Million Record Bail For Akingbola by Nobody: 10:12am On Aug 31, 2010 |
what pains me the most is that he is (or maybe was) a minister in the redeemed christian church of god. he had 2 private jets??!!!!!! my god! was he the owner of the bank or just the manager who should manage people's funds judiciously? well, they have just told him to pay peanuts out of his loaded barns of stolen loot. well. . . . . . . . . . . . . . . just another day in nigeria. |
Re: Court Sets N500 Million Record Bail For Akingbola by HamidO1(m): 10:20am On Aug 31, 2010 |
The guy is actually a thief if he can afford to pay that huge for bail, let's see how things go sha |
Re: Court Sets N500 Million Record Bail For Akingbola by HamidO1(m): 10:23am On Aug 31, 2010 |
matnxmomah:na true my brother |
Re: Court Sets N500 Million Record Bail For Akingbola by anitabest(f): 10:31am On Aug 31, 2010 |
o pity him. |
Re: Court Sets N500 Million Record Bail For Akingbola by TWise(m): 10:40am On Aug 31, 2010 |
Pornodude:Even JUDAS Iscariot, one of the 12 disciples was found guilty of Greed, Fraud and Betrayal. Do you then blame JESUS?, Abeg, let d man & oda 'MOG' dat 'Gee' & still desecrate HIS name, carry their load!!! |
Re: Court Sets N500 Million Record Bail For Akingbola by GBT(m): 10:42am On Aug 31, 2010 |
What is wrong with some people here? Shouldn't they be more concerned that this guy could even afford such an amount for his bail, instead of criticizing the judge? Had they been bankrupted or directly affected by Akingbola's corrupt practices, I doubt they'll be spewing such craps. It is a sad system we run and only GOD can save us |
Re: Court Sets N500 Million Record Bail For Akingbola by goksonjay(m): 10:53am On Aug 31, 2010 |
I have no interest in this man, but he who must come to equity must come with clean hands. for the very first time, 1st bank Nig. gave 10k dividend, as well UBA. alot others never declare any dividend or bonus. this shows to some extent that majority of these banks also had problem, only that they were not in bad book of Sanusi. How or when did 1st bank paid such dividend last? can someone justify this ? |
Re: Court Sets N500 Million Record Bail For Akingbola by HighChief4(m): 11:09am On Aug 31, 2010 |
Some people here in NL really amuse me, that the thief(Akingbola) paid 500m does not mean he has been exonorated of the corrupt charges leveled against him, but just to be free from police custody, the case goes on. Definitely he will be convicted and must do his term. I dont have pity for anybody that embezzles public funds, yes no pity at all. If you cant do the time, dont do the crime |
Re: Court Sets N500 Million Record Bail For Akingbola by blank(f): 11:11am On Aug 31, 2010 |
I want my money back |
Re: Court Sets N500 Million Record Bail For Akingbola by PapaBrowne(m): 11:30am On Aug 31, 2010 |
High_Chief: It's you who is a no brainer! Someone started Bank 21 years ago, grew it to become one of the top 500 banks in the world with assets of over N1.6trillion and was paying 18,000 staff salaries of over N100,000 monthly and you call him a thief because he has N500 million to bail himself. Poverty mentality!! The guy is innocent until proven guilty! |
Re: Court Sets N500 Million Record Bail For Akingbola by goldplated(m): 11:35am On Aug 31, 2010 |
i hope your friends come to help you soon. nobody loves the rich. |
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