http://www.tribune.com.ng/07012010/news/news4.html

Akingbola to forfeit N626bn, 8 houses, 9 companies, 12 accounts - Court - ’No more sack in Oceanic Bank ‘
Lanre Adewole and Odidison Omankhanlen - 07.01.2010

The Mareva order granted against the wanted former Group Managing Director of Intercontinental Bank Plc, Mr. Erastus Akingbola, would see him forfeiting, temporarily, to the Federal Government, about N626 billion, eight houses, nine companies and 12 bank accounts.

This is even as the Economic and Financial Crimes Commission (EFCC) again sealed off his property at 2, Bedwell Road Ikoyi, Lagos on Wednesday.

Commission’s spokesperson, Mr. Femi Babafemi, confirmed the sealing off of the property.

The Mareva order issued by a London court and a federal high court sitting in Lagos covered all his properties worldwide.

All the items listed by the commission were covered by the order.

His property at 12, Ruxcon Road, Ikoyi, Lagos was sealed off on Tuesday which signaled the commencement of the execution of the Mareva order.

In the Mareva sum contained in the order, N346 billion was listed in local currency while 1,085,575 British pounds was also listed as alleged proceeds of crime.

The order restrained Akingbola and members of his family from coming in contact with the said property until it is lifted.

In the schedule 11 of the order, assets listed included, property at Milverton Road, Ikoyi, 26, Chester Terrace London, 8 Connaugh Street, London, 65 Gove-End Road, London, Amazing Grace Plaza, Ligali Ayorinde Street, Victoria Island among others.

Companies listed in the order included Tropics Securities, Tropics Property, Tropics Holdings, Summit Finance Company, Tropics Finance and Investment Company, Yankuri Nigeria Ltd, Regal Investment, Bankinson Nigerian Ltd and Associated Discount House Ltd among others.

Some of the bank accounts included accounts with numbers 0001200000029420, 0001210000005334, 0111-001-000352735 and 0111-001000-352745 domiciled with Intercontinental Bank.

Fifteen cars and five dogs were found on the property sealed off on Tuesday.

In the property listed in his name in the court order, he is said to own 10 properties in Ikoyi ansd Victoria Island, Lagos alone.

The commission’s guards now watch over the seized property.

It was also gathered that the commission’s chairman, Mrs Farida Waziri had written to all banks where Akingbola has accounts for the transfer of same to the government.

Other banks where he has accounts included Access Bank, Zenith Bank, Skye Bank, Fidelity Bank and Intercontinental U.K.

Security agencies abroad where Akingbola has properties and bank accounts, had also been contacted for the same measure of treatment for the former banker.

While the Lagos order was granted on the last day of 2009, the London court had granted its, on 23rd December, 2009.

Some of the assets to also be frozen were Nos 17, 18, 19, 20 on Finchey Road, London as well as the property located at 26, Chesire Terrace, London.

Properties said to have been owned by him in Accra, Ghana and Dubai, United Arab Emirates, were also listed for forfeiture.

The Group Managing Director/Chief Executive Officer, Oceanic Bank, Mr. John Aboh, has said the bank concluded staff rationalisation exercise December last year, stressing that it has no plan to sack any of his workers in the new year.

Speaking against the backdrop of insinuations that the bank had carried out fresh disengagement of staff, Aboh explained that it was unfounded and a premeditated attempt by people to derail the consistent progress being recorded by the bank.

According to him, last year rationalisation was to drive operational efficiency in the organisation, noting that it had become imperative to alert customers and shareholders on true situation.

“I urge our esteemed customers, shareholders, and the entire banking public to disregard such reports. Oceanic Bank is making steady progress with its recovery efforts and the trends before us show promising prospects and enhanced value creation for all stakeholders.”

The Oceanic Bank boss explained that prior to the bank’s staff rationalisation exercise, the bank was expending over N4 billion monthly on salaries and wages to a workforce of over 20,000 people.

“We had to implement the painful process of staff rationlisation to streamline the workforce along the line of the current business realities otherwise we will be deploying depositors’ funds to sustain the bloated workforce. The vision we have is to grow the business to ensure consistent value creation for our customers and shareholders.”

This guy should be shot straight in the head. BLOODY BAS-TARD

Mekusxyz:

This guy should be shot straight in the head. BLOODY BAS-TARD

Don't you know where he comes from? _{They glorify thieves!}

I will continue saying it , Fraud is inside every Yorubaman DNA, until they are Genetically Modified, Yoruba and Fraud will remain inseparable

So the igbo have been genetically modified.i can see why you guys are not talking about ibru and ibori.,i d i o t s

~Bluetooth:

So the igbo have been genetically modified.i can see why you guys are not talking about ibru and ibori.,i d i o t s

Are Ibru and Ibori igbos?

From my understanding, the Urhobos are biologically related to the Yorubas.

Is it true?

One of the numerous senseless threads that keep driving responsible people away from the political section of N/Land.

Will you guys ever going to grow and  live a decent life?.

@ wily wily,

dont you think you take this yoruba thing too far sometimes?

~Bluetooth:

So the igbo have been genetically modified.i can see why you guys are not talking about ibru and ibori.,i d i o t s

Every name that has I and B in it is not an Igbo name please. Ibru ke? Ibori kwa?

So the igbo have been genetically modified.i can see why you guys are not talking about ibru and ibori.,i d i o t s

Bluetooth there really no really rich igbos. Mekusxx was naming some small boys like coscharis too me once. They are significantly powerless in Nigerian society except as traders. Ibru and Ibori are not igbo.

onye_ngbu:

@ wily wily,

dont you think you take this yoruba thing too far sometimes?

^^ he's taking too far but truth be told, the yorubas have a knacking tendency of always committing or trying to commit fraud. Its in-built.

^^ he's taking too far but truth be told, the yorubas have a knacking tendency of always committing or trying to commit fraud. Its in-built.

Where is it built? Built in by whom? olodo omoibo

That is how neonazism starts

While the Ibo person  is genetically modified  to carry hard drugs and ruin  awhole generation of lives

Yorubaman  + Iboman = genocide

Till death do us apart

SEFAGO:

Where is it built? Built in by whom? olodo omoibo

That is how neonazism starts

Is puskin igbo

Bluetooth please not every person east of ore is igbo.You are educated enough to know about your country.

Sefago
no mind me jare,these f o o l s come here to look for relevance by insulting yoruba whereas they are worst off.there is nothing politically an igbo man got to offer other to get elected and loot state money,thereby impoverishing their people.i still say it again that igbo produce more corrupt personalities than yoruba but they are genetically modified to escape prosecution.

~Bluetooth:

Sefago
no mind me jare,these f o o l s come here to look for relevance by insulting yoruba whereas they are worst off.there is nothing politically an igbo man got to offer other to get elected and loot state money,thereby impoverishing their people.i still say it again that igbo produce more corrupt personalities than yoruba but they are genetically modified to escape prosecution.

Why is that?What a hilarious statement.

~Bluetooth:

Sefago
no mind me jare,these f o o l s come here to look for relevance by insulting yoruba whereas they are worst off.there is nothing politically an igbo man got to offer other to get elected and loot state money,thereby impoverishing their people.i still say it again that igbo produce more corrupt personalities than yoruba but they are genetically modified to escape prosecution.

Funny!

You should have concluded by your statement that ndi igbo are genetically modified to be smarter!

You can say that again. end of discussion

Fifteen cars and five dogs were found on the property sealed off on Tuesday.

they took the man's dog?

violent:


they took the man's dog?

For 404 delicay

asha 80
you are looking for why? Simple practice makes perfect.

626 billion NairaThat is over 4 billion dollars

Where are the compilers of the FORBES list?

Pro Anti:

626 billion NairaThat is over 4 billion dollars

Where are the compilers of the FORBES list?

I'd buy a small country with that

These are false claims. Where did Erastus Akingbola get such money. It's like the Abacha's the media said they stole over $5BN; I seriously doubt he stole that much, not even half of it.

puskin:

^^ he's taking too far but truth be told, the yorubas have a knacking tendency of always committing or trying to commit fraud. Its in-built.

Not only will they stop at that. They have gone ahead to add suicide bombing to the list. _{a la Logemo house bomber!}

SEFAGO:

Bluetooth there really no really rich igbos. Mekusxx was naming some small boys like coscharis too me once. They are significantly powerless in Nigerian society except as traders. Ibru and Ibori are not igbo.

Wealth is not when you steal money that belongs to the masses. Name one Yoruba billionaire who built his business empire on personal sweat without siphoning money from one government agency or another apart from Abiola?. Is it Mike IBB Adenuga or Femi governor Otedola?

Akingbola, i truly don't know what to say. How do you feel when thousands of people who worked for and looked up to you are thrown out to streets cos of your greed- if that's even the right word.
These stories make me so sad cos i realise more and more that there really might be no hope for Nigeria. That 's why it is imperative for Fashola to succeed, to serve as an example to those growing up cos there are just no more role models in this country.

Sunny_bobo:

Not only will they stop at that. They have gone ahead to add suicide bombing to the list. _{a la Logemo house bomber!}

Please you forgot to mention.  An ibo man supplied the hard drugs/bombs to the yorubaman

brothers for life

edoyad:

Akingbola, i truly don't  know what to say. How do you feel when thousands of people who worked for and looked up to you are thrown out to streets cos of your greed- if that's even the right word.
These stories make me so sad cos i realise more and more that there really might be no hope for Nigeria. That 's why it is imperative for Fashola to succeed, to serve as an example to those growing up cos there are just no more role models in this country.

These stories are meant to hype your blood pressure. There is no way in hell Akingbola will steal that amount of money without the bank going red before Sanusi.

Aloy.Emeka:

Wealth is not when you steal money that belongs to the masses. Name one Yoruba billionaire who built his business empire on personal sweat without siphoning money from one government agency or another apart from Abiola?. Is it Mike IBB Adenuga or Femi governor Otedola?

Okoya thomas,Fola Adeola

~Bluetooth:

So the igbo have been genetically modified.i can see why you guys are not talking about ibru and ibori.,i d i o t s

LWKMD

asha 80:

Okoya thomas,Fola Adeola

Same way Igbos have Anthony Ezenna, Emeka Offor, Ekene dili chukwu etc. We are talking about dollar billionaires and the two names you mentioned above are not dollar billionaires. I even doubt if Otedola is a dollar billionaire but Dangote for sure is and Adenuga became one after being bankrolled by IBB.