The ongoing trial of Erastus Akingbola, a former Group Managing Director of the defunct Intercontinental Bank, continued on February 19, 2021 before Justice A.O. Faji of a Federal High Court, Ikoyi, Lagos with a witness of the Economic and Financial Crimes Commission, EFCC, Babatunde Aro, narrating how the defendant allegedly bypassed banking protocols to transfer $11.8million and £8.54million offshore without recourse to the bank’s standard procedures. Akingbola is being prosecuted by the EFCC for an alleged N179billion fraud committed by him while he held sway at the Bank. He is…
Read MoreHow Former Bank MD, Erastus Akingbola Transferred Funds Offshore Against Protocols- Witness
