Intercontinental Bank: How Saraki, Imoukhuede, Wigwe loans led to Akingbola’s prosecution

A Federal High Court, Lagos, today, heard how billions of naira loans taken by the Senate President, Bukonla Saraki and others from the defunct Intercontinental Bank Plc, led to the prosecution of the bank’s former managing director, Dr. Erastus Akingbola. Akingbola is being tried by the Economic and Financial Crimes Commission (EFCC) in an amended 22 counts charge. At the resumed hearing of the matter today, the prosecution witness, Mr. Abdulraham Jimoh, while being cross examined by Chief Wole Olanipekun (SAN), admitted that a company linked to the Senate President,…

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Repatriation of $8,1bn: Court fixes  Dec. 4, for hearing of MTN’s suit against FG, CBN 

A Federal High Court, Lagos, today, October 30 fixed November 4, 2018, for hearing of the preliminary objection filed by the Central Bank of Nigeria (CBN) and other pending applications in a suit filed by MTN Communications Limited against the apex bank and Attorney-General of the Federation (AGF) over the illegal remittance of $8,134,312,397.63 .        At the resumed hearing of the matter today, Chief Wole Olanipekun (SAN), leading four other Senior Advocates of Nigeria for MTN, informed the court that CBN has filed its defence and counter…

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