Court Registers Judgment Against Akingbola To Pay Access Bank N212bn

A Federal High Court in Lagos Tuesday ordered a former Managing Director of the defunct Intercontinental Bank Plc, Mr. Erastus Akingbola, to pay Access Bank Plc. N212.294 billion.

The order by Justice Chukwujekwu Aneke was sequel to the registration of the judgment of the High Court of Justice, Queens Bench Division, Commercial Court London delivered by Mr. Justice Michael Burton on July 31, 2012.

Akingbola Pleads Subjudice as FRC Probes Intercontinental Sale

                               Mr. Erastus Akingbola

By Obinna Chima

A mild drama ensued yesterday when the former Managing Director/CEO of the defunct Intercontinental Bank, Mr. Erastus Akingbola; the immediate past Managing Director/CEO of Access Bank Plc, Mr. Aigboje Aig-Imokhuede; and his successor, Mr. Herbert Wigwe, honoured the Financial Reporting Council of Nigeria’s (FRC) invitation for questioning on the 2011 and 2102 financial accounts of the Central Bank of Nigeria (CBN).