Embattled banker and former Managing Director
of the now defunct Intercontinental Bank, Erastus
Akingbola's London home has been sold by the
UK government for £5.7million pounds, which is
about N1.5billion.
A UK Judge, Justice Michael Burton of the Royal
Courts of Justice, London, had on July 31
2012, found Erastus Akingbola guilty of theft and
fraud of monies totaling £654million and ordered
that his London home be sold as part of the
properties he is to forfeit having been found
guilty.
Mr Akingbola is also standing trial for Financial
Crimes here in Nigeria. He is accused by the
EFCC of stealing N47billion depositors funds from
Intercontinental Bank.
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