Wednesday, 2 April 2014

Erastus Akingbola's London home sold for £5.7million

Embattled banker and former Managing Director of the now defunct Intercontinental Bank, Erastus Akingbola's London home has been sold by the UK government for £5.7million pounds, which is about N1.5billion.

A UK Judge, Justice Michael Burton of the Royal Courts of Justice, London, had on July 31 2012, found Erastus Akingbola guilty of theft and fraud of monies totaling £654million and ordered that his London home be sold as part of the properties he is to forfeit having been found guilty.

Mr Akingbola is also standing trial for Financial Crimes here in Nigeria. He is accused by the EFCC of stealing N47billion depositors funds from Intercontinental Bank.

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