Operatives of the Economic and Financial Crimes Commission (EFCC) have traced about 10 million pounds allegedly laundered by former Group Chief Executive Officer (CEO) of Intercontinental Bank Erastus Akingbola to some of his personal foreign accounts. Daily Trust reports that EFCC started probing the foreign accounts of the five former bank chiefs sacked by the Central Bank of Nigeria (CBN)
following discoveries that they may have engaged in money laundering.
senior official who did not want to be named said the latest discovery on Akingbola's case is the reason why the anti-graft agency is pushing for his repatriation.
The official also said a prima facie case has been established against the former bank chief and the legal department of the commission are in the process of preparing his charge sheet.
According to the source, once EFCC charges Akingbola to court it will inform the government of the country where the monies have been lodged to freeze his accounts.
CBN sacked the former bank chief alongside former Managing Directors of Union Bank Bartholomew Ebong, Afribank Sebastian Adigwe, Finbank Okey Nwosu and Oceanic International Bank Mrs. Cecilia Ibru on August 14 for issuing non-performing loans worth N740billion.
following discoveries that they may have engaged in money laundering.
senior official who did not want to be named said the latest discovery on Akingbola's case is the reason why the anti-graft agency is pushing for his repatriation.
The official also said a prima facie case has been established against the former bank chief and the legal department of the commission are in the process of preparing his charge sheet.
According to the source, once EFCC charges Akingbola to court it will inform the government of the country where the monies have been lodged to freeze his accounts.
CBN sacked the former bank chief alongside former Managing Directors of Union Bank Bartholomew Ebong, Afribank Sebastian Adigwe, Finbank Okey Nwosu and Oceanic International Bank Mrs. Cecilia Ibru on August 14 for issuing non-performing loans worth N740billion.
