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Intercontinental Bank

FILE PHOTO- Nigerian Senate President Bukola Saraki arrives for a news conference at the National Assembly in Abuja, Aug. 8, 2018. REUTERS-Afolabi Sotunde-File Photo

EFCC: How Senator Saraki diverted N12 billion from Kwara treasury

The Economic and Financial Crimes Commission, EFCC, claims former Senate President Bukola Saraki withdrew N12bn in cash from the treasury of the Kwara State Government while he was governor of the state between 2003 and 2011.
Fola Ojo

Kidnapping: The thing speaks for itself

Franklin Delano Roosevelt was the US President in tough times. The Great Depression and World War II were harrowing events that could have mowed Americans down to the rubble. But, the 32nd President successfully pulled the country to safety and succour. There is none in American history granted more frequent access to sit in the Oval Office as President Roosevelt.
A lawyer walks through the compound at the Federal High Court in Ikoyi district in Lagos, Nigeria, May 8, 2018. REUTERS/Akintunde Akinleye

Witness: How billions of Naira loans were written off for Senator Saraki’s company, others

A Federal High Court sitting in Lagos has been told how billions of Naira loans taken by the Senate President, Bukola Saraki and others from the defunct Intercontinental Bank Plc, were written off by Dr. Erastus Akingbola’s successor, Lai Alabi.

Standard & Poor’s affirms Access bank ratings outlook stable

Standard and Poor’s Global rating agency has affirmed its ‘B/B’ long-term issuer credit ratings and ‘ngA/ngA-1’ Nigeria national scale ratings on Access Bank and discontinued its ‘CCC+/C’ issuer credit ratings and ‘ngBB/ngB’ Nigeria national scale ratings on Diamond Bank.

Former bank chief Erastus Akingbola re-arraigned alleged N179 billion fraud

The Economic and Financial Crimes Commission (EFCC), on Wednesday, re-arraigned former Managing Director of the defunct Intercontinental Bank Plc, Erastus Akingbola, before a Federal High Court sitting in Ikoyi, Lagos State, for allegedly using the sum of N179, 385,000,000 belonging to the bank for fictitious transactions.

EFCC re-arraigns ex-Intercontinental Bank chief for alleged money laundering

The Economic and Financial Crimes Commission (EFCC) on Wednesday re-arraigned a former Managing Director of the defunct Intercontinental Bank PLC, Erastus Akingbola, in a Federal High Court in Lagos, for alleged Money Laundering charges.
Senate President Bukola Saraki

APC: Senator Saraki will flunk integrity test for presidency

The All Progressives Congress catalogued a list of career-long infractions by Senate President Bukola Saraki that will make him fail an integrity test, in case he wants to run for Nigeria’s presidency.

NSE delists 22 coys over non-performance in two years

The Nigerian Stock Exchange expelled not less than 22 companies between 2016 and 2017 over non-performance and failure to meet the required post-quotation standards.

N5bn fraud: Erastus Akingbola has case to answer – Supreme Court

The Supreme Court on Friday ordered, Erastus Akingbola, to return to the Federal High Court, Lagos, to answer his alleged five billion Naira fraud charge.

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