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- 08 February 2010 Yar’adua: Senate mulls impeachment
- 08 February 2010 Reps to back Jonathan
- 08 February 2010 VP locks out two ministers for late coming
- 08 February 2010 US envoy meets Jonathan today
- 07 February 2010 Why we lost Anambra, by PDP
- 07 February 2010 Soludo: ‘There was administrative rigging’
- 07 February 2010 Daura Emir leads prayers for Yar’adua in Kano
- 07 February 2010 Reps to investigate crash of navy aircraft
- 05 February 2010 Battle lines drawn over Akunyili’s memo
- 05 February 2010 Abba-Aji: Yar’adua to transmit letter to Assembly
- 05 February 2010 Northern Govs back constitution on Presidency
- 05 February 2010 Minister orders NNPC to end fuel scarcity
- 04 February 2010 Buhari to ANPP: I quit - Moves to CPC
- 04 February 2010 Yar’adua: PDP pays homage to Jonathan
- 04 February 2010 FEC slashes Abuja land prices
- 04 February 2010 Reps reject motion on Yar’adua’s handover
- 03 February 2010 Senate rejects pension for former Senate leaders
- 03 February 2010 Mark: Yar’adua must hand over
- 03 February 2010 Bride, 26 others perish in crash
- 03 February 2010 Court procedures frustrate EFCC—Waziri
| EFCC discovers £10 million in Akingbola’s foreign accounts |
| Written by Boco Edet |
| Thursday, 15 October 2009 01:00 |
|
Daily Trust learnt yesterday 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. A 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. Four of the sacked bank chiefs and 14 ex-directors excluding Akingbola are now facing trial before a federal High Court in Lagos for various offences including conspiracy to influence prices of stocks, granting of unsecured loans, surpassing their banks’ approval limits in granting loans, granting credit facilities without the approval of the Central Bank of Nigeria (CBN) and failure to take necessary steps to ensure the correctness of the Quality Bank Return to the CBN. Akingbola had travelled to the UK a few days before the sack, after holding a meeting with the staff and informing them of the impending CBN action. The former bank chief currently in the UK was later declared wanted by EFCC for failure to honour invitations to answer questions regarding non-performing loans the Intercontinental Bank had accrued. So far EFCC has recovered over N35 billion from debtors owing the bank. |
