Former Chief Executive Officer of Intercontinental Bank Dr. Erastus Akingbola yesterday said no court in the United Kingdom gave a judgment against him.
Akingbola, in a statement by an aide, Charles Nwajagu said: Our attention has been drawn to a misleading campaign on the case in United Kingdom (UK) involving Intercontinental Bank PLC and its former Chief Executive Officer, Dr Erastus Akingbola in which the bank was asking for a Summary Judgment on financial misappropriation.
“Intercontinental Bank had on December 23, 2009 instituted the case against Dr Akingbola. On April 4, 2011, a ruling was given by the presiding judge. We state hereunder the facts as follows:
•The bank’s application for summaryjudgement was declined. A summary judgement would have meant no trial and no cross examination too. But the judge refused on the ground that it is only fair for a defendant (in this case Dr Akingbola) to cross examine the plaintiff’s witnesses. Consequently the judge ordered trial to start sometime next year.”
•Misleading payments: All allegations regarding payments are misleading. No court has asked Akingbola to forfeit any asset or pay £68million or any other sum to Intercontinental Bank PLC. The case indeed has been slated for trial next year.
•Purchases of London property: In his ruling, the judge affirmed that none of Intercontinental Bank’s money was used by Akingbola to purchase any property in London.
These allegations are actually reminiscent of the spurious N346billion phantom money allegedly misappropriated at Intercontinental Bank Plc by Dr Akingbola.
•Date of ruling: contrary to the erroneous March 24, 2011 being spread around, the judge gave his ruling only on Monday, April 4, 2011 thereby casting doubt on the motive and credibility of the story being circulated.
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Akingbola refutes UK court case story
Akingbola refutes UK court case story
NigerianEye
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Wednesday, April 06, 2011
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