Many of us would have supported you but when we remember how Erastus looted Intercontinental Bank and fled Nigeria to live in exile for years- we decline.

We remember how Erastus only came back after he had settled certain parties in Nigeria so they he would get a very soft landing.

But what we remember most is that Intercontinental is the second bank that Erastus looted and left for dead.

Go and do your research on the first one.

If those that bought Intercontinental Bank are crooks. The man, Erastus who raped her and left her for dead- is what

WorldRichest:


Yes, I am disturbed by my friends who lost their jobs in Intercontinental Bank when the gang of thieves whom Ogun go soon kee all of them illegally stole the bank from the owners.

Have you forgotten that Sanusi Lamido Sanusi who was used for the illegality has been disgraced and humiliated twice ?

What about Bukola Saraki that was the thief that initiated the evil plan? He is fighting to keep his ancestral home from being pulled down in the state that he and his family once lord over.

Several others involved in that Intercontinental Bank illegality will pay dearly

cunny88:
I am interested in this piece, please do u have the link

[color=#000099][/color]

Contrary to his public image as a no-nonsense Governor of the Central Bank and a reformer who always pride himself as an anti-special interest, Sanusi Lamido Sanusi’s complicity in the questionable acquisition of Intercontinental Bank by Access bank and the God-Father role of Dr, Bukola Saraki showed the true Sanusi Lamido Sanusi. Oluwaseyi Oduyela reports, how the former Governor of Central Bank- Sanusi Lamido and Dr, Bukola Saraki masterminded the biggest bank fraud in Nigeria’s Banking Industry history.

By Seyi Oduyela/Washington, DC

In 2009 when Mr. Chukwuma Soludo’s appointment was due for renewal as the Governor of Central Bank, late President Yar’Adua was misled by the cabal that eventually hijacked his government into refusing Mr. Soludo’s a second term and instead, appointed Sanusi Lamido as Soludo’s successor. Prior to his appointment as the Governor of Central Bank of Nigeria (CBN) Soludo had joined the government of former president Obasanjo in 2003 and served as the Chief Economic Adviser and Chief Executive of the National Planning Commission of Nigeria .

So in June 2009, Sanusi Lamido became Governor of Central Bank. Barely two weeks in office, in an unusual move, Lamido dispatched Central Bank of Nigeria examiners to five banks- AfriBank, FinBank, Intercontinental Bank, Oceanic Bank and Union Bank. A CBN source disclosed to Africa Inquirer that the inclusion of Intercontinental Bank was a surprise because the CBN just concluded a comprehensive examination of the bank and gave it a clean bill. In a surprise twist of event, CBN examiners changed their positive report on Intercontinental Bank to “non-performing.” Our source at the CBN disclosed that Mallam Lamido rejected the favorable report presented to him, hence the re-classification of the report from “performing to non-performing.” As at this time, Intercontinental Bank was one of the biggest and the largest bank with a balance sheet size of about N1.7 Trillion.

Our investigation reveal that, late Yar’Adua refusal to renew Soludo’s appointment was actually influenced by Dr. Bukola Saraki using is political weight as the then Chairman Governor’s forum. It was “Saraki who pressed for the replacement of Soludo with Lamido,” our source disclosed. Why would Saraki want Lamido? What is Saraki’s interest in Lamido and what connects the two men? Africa Inquirer diggings reveal that Mallam Lamido and Bukola Saraki have been childhood friends. The two went to same High School, King’s College Lagos with their mutual lawyer, Kola Awodein. While Lamido graduated in 1977, Bukola Saraki left King’s College in 1978. Besides being school mates, Saraki and Lamido are Akingbola’s mutual enemies by their own creation. Before the emergence of Sanusi Lamido as the Governor of CBN, Dr. Bukola Saraki had taken a loan from Intercontinental Bank to the tune of N11Billion.

Our investigations reveal that through Joy Petroleum, as a parent company, Saraki used four other companies namely: Skyview Properties Ltd, Limkers Ltd, Dicetrade Ltd, Carlisle Properties and Investment Ltd, while Dr. Bukola Saraki was portrayed by the bank documents as the Prime Promoter of all the companies including Joy Petroleum Ltd. Under Erastus Akingbola, Saraki secured the 11 Billion Naira loan with four houses in Ikoyi and in Abuja. The houses are on 19 Ruxton road, Ikoyi; 15A MacDonald Road, Ikoyi; 17 MacDonald Road,Ikoyi and Plot 2481 Cadastral Zone A06 Maitama, Abuja.

AigSanusi andWigwe

As soon as Lamido became the CBN governor, and with the doctored report of ‘non-performance” of Intercontinental Bank which was never released to the public till date, Lamido fired the CEOs of the five banks, including Akingbola and appointed acting Managing Directors. Mr. Lai Mahmoud Alabi, a former staff of Bukola Saraki was appointed by Lamido as the Acting MD of Intercontinental Bank. Lai Alabi served as Bukola Saraki’s Chairman of Songa Farms and several development funds in Kwara State.

Lai Alabi’s first task as the new head of Intercontinental Bank was to summon the board of directors to write off N 8.1 Billion out of the N11 Billion owed by Saraki and which were surprisingly, well collateralize with choice assets in Ikoyi, this write-off was strongly condemned by the CBN examination report of May 2010 which complained about the massive loan forgiveness, calling it “cash gift.” The examiners also questioned the rationale behind the return of the collaterals to Saraki. Yet, Mr Lamido never acted since he was only satisfying his benefactor.

Curiously, before Lamido’s takeover of Intercontinental bank, the bank’s inter-bank takings was N73 Billion, with no record of the bank’s indebtedness to the CBN but by the time the bank was sold, it was owing the CBN N100 Billion and other banks N300 Billion. Contrary to Lamido’s claim that he injected N100 Billion to revive Intercontinental bank, the bank’s balance sheet as the time of takeover was N1.6 Trillion. The bank had 330 branches, 2 foreign subsidiaries, 12,000 employees and paid-up capital of N230 Billion.

If the takeover of Intercontinental bank and the replacement of its employees by former employees of defunct Societe Generale Bank were not surprising enough, the sale of the bank to Access was the most fraudulent in Nigeria’s banking industry history.

In 2011, Aig Imokhuede, founder of Access Bank and a debtor of Intercontinental Bank began talks with the Sanusi Lamido-led Central Bank of Nigeria to acquire Intercontinental Bank Plc. Further to the approval of the shareholders of Intercontinental bank and Access Bank, court sanction of the Federal High Court of Nigeria and approval of the Central Bank of Nigeria and the Securities & Exchange Commission, Access Bank Plc (“Access”) and Intercontinental Bank Plc (“Intercontinental Bank”) announced the completion of the recapitalization of Intercontinental Bank and the acquisition of 75% majority interest in Intercontinental Bank by Access Bank Plc.

In effect, Intercontinental Bank (including all its assets, liabilities and undertakings) became a subsidiary of Access Bank Plc. Aluko & Oyebode acted as Transaction Counsel to Access Bank Plc in connection with its acquisition of Intercontinental Bank Plc. The question is how did Aig Imokhuede and Herbet Wigwe acquired Intercontinental Bank?

Africa Inquirer obtained a loan document showing how Aig Imokhuede and his partner Herbert Wigwe (current MD Access Bank) used a company called United Alliance Company of Nigeria to borrow over N16 billion from Intercontinental Bank under Akingbola. The duo tactically delayed payment of the loan. Aig wrote to Mr Lai Alabi twice rescheduling the payment of the loan which were allegedly written off by the CBN before the forced controversial acquisition of the bank by Access.

Our investigation later discovered that, the delay tactics was part of the plan of Saraki and Lamido to sell Intercontinental Bank to Aig Imokhuede who took loan from Akingbola’s bank to acquire Access Bank. Lamido’s CBN used AMCON to deplete Intercontinental bank’s assets before selling it to Access bank. Since Access bank is owing Intercontinental Bank N16 Billion, where did it get the N50 Billion to purchase Intercontinental Bank? Africa Inquirer discovered that Aig Imokhuede, sourced for the N50 Billion from Bank of Industry.

Evelyn Oputu, Former CEO, Bank of Industry

Evelyn Oputu, Former CEO, Bank of Industry

As at this time, the Managing Director of Bank of Industry was Mrs. Evelyn Oputu, Aig Imokhuede’s mother-in-law. With impunity, under the supervision of Malam Lamido as the CBN Governor, N50 billion was paid to Intercontinental bank account in the evening, and immediately after the acquisition of Intercontinental Bank was announced, Aig Imokhuede, transferred the N50 Billion back to the Bank of Industry. By implication, Aig and his group paid nothing for Intercontinental Bank. Mrs. Oputu is being investigated by the Financial Reporting Council for alleged fraudulent practices as the Managing Director of the Bank of Industry.

Source:
http://yemojanewsng.com/revealed-how-access-bank-fraudulently-took-over-intercontinental-bank-the-bukola-saraki-lamido-sanusi-script/

WorldRichest:


It's really saddening. That cursed Raymond Dokpesi listed his AIT on the Stock Exchange, and millions of Nigeria including myself bought Shares in the company, after few years, that vagabond de-listed his company from the Exchange while the company is still existing, and without returning our investment. The fraudulent company continues to operate while nothing is being mentioned about our investment. Thoss criminals that run the Exchange watched as we are scammed because they are part of the gang. These so called rich men are hell bent on making the average Nigerians return to poverty level, so that they will have only the Rich and the Poor, the want the Middle Class completely erased. Our God will continue to punish them.


Since 2004 when I started buying company Shares, if I had used the money to marry three wives, by now, I will have about 15 children and 60 grandchildren

Thank God I opened this thread and read through. This is one of the reason I know Nigeria is a country of thieves running thieves. I did not know much about Wigwe but I worked in a bank for two years and when I saw his demise I knew he was no different from the other corporate thieves. I had been studying Nigeria stock for potential investment in the future and it never makes sense. In the west you can make good money trading stocks but not in Nigeria. Thank you for sharing your experience, I will do well to avoid Nigeria cooperate thieves

Sad

DrAkpa:


You invested foolishly in useless companies. Learn your lessons and move on.

You were still wearing diapers then. Go and play with your mates

VULCAN:
Many of us would have supported you but when we remember how Erastus looted Intercontinental Bank and fled Nigeria to live in exile for years- we decline.

We remember how Erastus only came back after he had settled certain parties in Nigeria so they he would get a very soft landing.

But what we remember most is that Intercontinental is the second bank that Erastus looted and left for dead.

Go and do your research on the first one.

If those that bought Intercontinental Bank are crooks. The man, Erastus who raped her and left her for dead- is what

I don't need your support my brethren. Ogun and Aiyelala already kee one of them and his family. Sanusi Lamido Sanusi has been disgraced and humiliated twice. Bukola Saraki is fighting to keep his ancestral home from being pulled down in a state where he, his father, sister and whole family once looted for decades. Just watch as the gods deal mercilessly with them all.

As for Erastus Akingbola, he is still enjoying his life while his enemies are going through hell on earth. He isn't clean either, I am was an insider in some aspects of the whole banks illegal takeover then, so I know what went on. The gods will settle the cases.

Erastus Akingbola didn't loot the Bank, or do you know anyone that went to Intercontinental Bank then, and couldn't get his money? Erastus Akingbola, Cecelia Ibru of Oceanic, Francis Atuche of PhD and others only give Loans to their own private companies and friends. If you are a Bank MD, won't you give Loans to your friends who can afford to pay back? Won't you give Loans to yourself to run other businesses to make more money as long as you can pay back? Is it your enemies you will be giving loans ?

franchasofficia:
Only a military helicopter on a special mission during war and for reconnaissance mission should fly under such weather condition.


I keep wondering what made Dr Wigwe agreed to embark on such deadly trip with his wife and kids, people really get mind; it's not advisable for husband, wife and kids to travel by air on same jet or helicopter, please friends learn from this. Always travel separately as a family, especially by air.


If my wealth gets to the net worth of Wigwe, I will stop traveling outside the country I live permanently, and if I must travel, it will be once in two or three years.


I still wonder the joy people derive in traveling around the world and even the nation, worst of via air transport. I derive joy in staying one place and moving around the city in a car, anything that involves flying or traveling long distance always make me sick, RIP brother, your death really hurt me, I pray Emeka doesn't squander your hard earned wealth

Sir, do you know him. I'm asking because of your last phrase. Is one man I'm trying to recover from his loss. Redeemed Christian Church of God just lost a pillar. We were together in City of David, Victoria Island, Lagos. Easy going man. I think it was Chizi that died with him. Such a good man.

DrAkpa:


Close your mouth there. These are just coincidences. People die and get disgraced everyday as a normal occurrence

Just Open your own mouth as Ogun and Aiyelala continue to deal mercilessly with them

WorldRichest:


Just Open your own mouth as Ogun and Aiyelala continue to deal mercilessly with them

You should redirect your curses to your useless frog faced brother occupying the stolen sit at aso rock, who after grabbing and running away with power, is confused on what to do with it.

DrAkpa:


You should redirect your curses to your useless frog faced brother occupying the stolen sit at aso rock, who after grabbing and running away with power, is confused on what to do with it.

He will be there for 8 years, you go cry tire.

I don't understand why we cannot have meaningful discussions without bringing Politics into it.

Election is gone, we should focus on Economy now, but you will always bring Politics into everything because you are bitter. Well, Winners are never bitter. We won the last three consecutive Presidential elections, we shall win the next three also because we shall handover to Shettima in 2031

WorldRichest:


The other idiot that died with them Abimbola Ogunbadejo is a former Group Chairman of Nigeria Exchange Group Plc, that is where the greatest frauds happen everyday. People that bought shares using millions some years back, the sharks are now worth few thousands because of manipulation of shares prices by the criminals.

My personal over 14 million Naira investment in Shares between 2004 and 2012, this is money I starved myself to invest over the years. The last time I check, it was worth less than 350,000 Naira. That is money I should have used to drink, smoke, club, and carry Olosho, but I thought that I was wise, so I invested it in Shares, and evil men in high places looted my money. They will never escape miserable deaths

I can attest to the bolded because I also lost alot of money that I invested in shares back in 2008, I was in shock because I felt I made the right call, i use to believe in investment back in the day, but after that loss, I promise myself never to invest in anything in this country ever again, the Nigerian economy has been designed to steal from the less privileged to increase the riches of elites

It is well.

ottersberger:


I just told you what the numbers say, Oga.
As an individual who has to fly intercontinental all year round, what are my choices?.
I hate planes more than you do. My stomach starts to churn as soon as those things leave the runway, but it is what it is.
If you have to travel within Nigeria, what do you think is safer considering the death traps we call roads, our idiotic and devilish drivers, armed robbery on our roads, the menace of the Nigerian Armed Forces and kidnapping?.

Too bad, I just pray to become exceedingly rich and healthy that I will never have any reason to be traveling around; be it within Nigeria or around the world, I find peace sitting in one place reading news, browsing the internet and listening to friends or relative tell stories or talk about politics/sports/business

Biglittlelois:



I can attest to the bolded because I also lost alot of money that I invested in shares back in 2008, I was in shock because I felt I made the right call, i use to believe in investment back in the day, but after that loss, I promise myself never to invest in anything in this country ever again, the Nigerian economy has been designed to steal from the less privileged to increase the riches of elites

It is well.

My brethren, my brain wan burst that day that I did the calculation. I had to call my Stockbroker to help me redo the calculation.

After I recover from the unbelievable revelation, I just forget say I get anything called Shares. But I know that Ogun and Aiyelala go get all those involved in the manipulation of Shares

virginchaser:


Chris Ogunbanjo, possible father of the late Ogunbanjo mostly had his board of directors meeting in his ijebu country home during his active days.

Yea... That's his dad. The man died last year, aged 99 years, just before his 100th. They are from Erunwon-ijebu.

tishbite43:
Read what you typed again
Money and preferences are different
The so-called 'St. Obi' flys private

So you are even aware that people's preferences are different, and yet you are expressing shock for his choice of helicopter?

That's the same question I was asking. He can comfortably afford a sound private jet, I can't fathom why a big man of his caliber doesn't have a private jet.

tishbite43:
Na yeye helicopter big man like am enter sef
Yuck

franchasofficia:
Only a military helicopter on a special mission during war and for reconnaissance mission should fly under such weather condition.


I keep wondering what made Dr Wigwe agreed to embark on such deadly trip with his wife and kids, people really get mind; it's not advisable for husband, wife and kids to travel by air on same jet or helicopter, please friends learn from this. Always travel separately as a family, especially by air.


If my wealth gets to the net worth of Wigwe, I will stop traveling outside the country I live permanently, and if I must travel, it will be once in two or three years.


I still wonder the joy people derive in traveling around the world and even the nation, worst of via air transport. I derive joy in staying one place and moving around the city in a car, anything that involves flying or traveling long distance always make me sick, RIP brother, your death really hurt me, I pray Emeka doesn't squander your hard earned wealth

So you think there is no risk of death in a town where one stays. Or even in the house where one stays. I have seen people who fell down in the house where they stay, had head injuries and was in hospital for many days. Only God is one' security everywhere.

WorldRichest:


I don't need your support my brethren. Ogun and Aiyelala already kee one of them and his family. Sanusi Lamido Sanusi has been disgraced and humiliated twice. Bukola Saraki is fighting to keep his ancestral home from being pulled down in a state where he, his father, sister and whole family once looted for decades. Just watch as the gods deal mercilessly with them all.

As for Erastus Akingbola, he is still enjoying his life while his enemies are going through hell on earth. He isn't clean either, I am was an insider in some aspects of the whole banks illegal takeover then, so I know what went on. The gods will settle the cases.

Erastus Akingbola didn't loot the Bank, or do you know anyone that went to Intercontinental Bank then, and couldn't get his money? Erastus Akingbola, Cecelia Ibru of Oceanic, Francis Atuche of PhD and others only give Loans to their own private companies and friends. If you are a Bank MD, won't you give Loans to your friends who can afford to pay back? Won't you give Loans to yourself to run other businesses to make more money as long as you can pay back? Is it your enemies you will be giving loans ?

I wonder, that line got me laughing

franchasofficia:
Too bad, I just pray to become exceedingly rich and healthy that I will never have any reason to be traveling around; be it within Nigeria or around the world, I find peace sitting in one place reading news, browsing the internet and listening to friends or relative tell stories or talk about politics/sports/business

You won cheat death, see you.

bluefilm:


So you are even aware that people's preferences are different, and yet you are expressing shock for his choice of helicopter?

It seems you just left a psychiatric facility
I called Wigwe a big man. You said he wasn't.
You gave me the example of a 'big man' at least by your standards - the man Peter Obi.
I simply pointed out the hypocrisy of you both.
Wigwe has taste and it is unfortunate that he didn't check out things well before boarding this chopper.

WorldRichest:


More than 20 different companies. If I check house, I will get my login details to my Stocks Application. All the money invested in AIT is gone because the company delisted itself from the Stock Exchange. Several other companies top delisted themselves while the promoters of the companies are still living larger than drug Lords.

It is only Red Star Express that made up about 90% of that about 350,000

Pls sir, do well and check

TYCO77:
[color=#000099][/color]

Contrary to his public image as a no-nonsense Governor of the Central Bank and a reformer who always pride himself as an anti-special interest, Sanusi Lamido Sanusi’s complicity in the questionable acquisition of Intercontinental Bank by Access bank and the God-Father role of Dr, Bukola Saraki showed the true Sanusi Lamido Sanusi. Oluwaseyi Oduyela reports, how the former Governor of Central Bank- Sanusi Lamido and Dr, Bukola Saraki masterminded the biggest bank fraud in Nigeria’s Banking Industry history.

By Seyi Oduyela/Washington, DC

In 2009 when Mr. Chukwuma Soludo’s appointment was due for renewal as the Governor of Central Bank, late President Yar’Adua was misled by the cabal that eventually hijacked his government into refusing Mr. Soludo’s a second term and instead, appointed Sanusi Lamido as Soludo’s successor. Prior to his appointment as the Governor of Central Bank of Nigeria (CBN) Soludo had joined the government of former president Obasanjo in 2003 and served as the Chief Economic Adviser and Chief Executive of the National Planning Commission of Nigeria .

So in June 2009, Sanusi Lamido became Governor of Central Bank. Barely two weeks in office, in an unusual move, Lamido dispatched Central Bank of Nigeria examiners to five banks- AfriBank, FinBank, Intercontinental Bank, Oceanic Bank and Union Bank. A CBN source disclosed to Africa Inquirer that the inclusion of Intercontinental Bank was a surprise because the CBN just concluded a comprehensive examination of the bank and gave it a clean bill. In a surprise twist of event, CBN examiners changed their positive report on Intercontinental Bank to “non-performing.” Our source at the CBN disclosed that Mallam Lamido rejected the favorable report presented to him, hence the re-classification of the report from “performing to non-performing.” As at this time, Intercontinental Bank was one of the biggest and the largest bank with a balance sheet size of about N1.7 Trillion.

Our investigation reveal that, late Yar’Adua refusal to renew Soludo’s appointment was actually influenced by Dr. Bukola Saraki using is political weight as the then Chairman Governor’s forum. It was “Saraki who pressed for the replacement of Soludo with Lamido,” our source disclosed. Why would Saraki want Lamido? What is Saraki’s interest in Lamido and what connects the two men? Africa Inquirer diggings reveal that Mallam Lamido and Bukola Saraki have been childhood friends. The two went to same High School, King’s College Lagos with their mutual lawyer, Kola Awodein. While Lamido graduated in 1977, Bukola Saraki left King’s College in 1978. Besides being school mates, Saraki and Lamido are Akingbola’s mutual enemies by their own creation. Before the emergence of Sanusi Lamido as the Governor of CBN, Dr. Bukola Saraki had taken a loan from Intercontinental Bank to the tune of N11Billion.

Our investigations reveal that through Joy Petroleum, as a parent company, Saraki used four other companies namely: Skyview Properties Ltd, Limkers Ltd, Dicetrade Ltd, Carlisle Properties and Investment Ltd, while Dr. Bukola Saraki was portrayed by the bank documents as the Prime Promoter of all the companies including Joy Petroleum Ltd. Under Erastus Akingbola, Saraki secured the 11 Billion Naira loan with four houses in Ikoyi and in Abuja. The houses are on 19 Ruxton road, Ikoyi; 15A MacDonald Road, Ikoyi; 17 MacDonald Road,Ikoyi and Plot 2481 Cadastral Zone A06 Maitama, Abuja.

AigSanusi andWigwe

As soon as Lamido became the CBN governor, and with the doctored report of ‘non-performance” of Intercontinental Bank which was never released to the public till date, Lamido fired the CEOs of the five banks, including Akingbola and appointed acting Managing Directors. Mr. Lai Mahmoud Alabi, a former staff of Bukola Saraki was appointed by Lamido as the Acting MD of Intercontinental Bank. Lai Alabi served as Bukola Saraki’s Chairman of Songa Farms and several development funds in Kwara State.

Lai Alabi’s first task as the new head of Intercontinental Bank was to summon the board of directors to write off N 8.1 Billion out of the N11 Billion owed by Saraki and which were surprisingly, well collateralize with choice assets in Ikoyi, this write-off was strongly condemned by the CBN examination report of May 2010 which complained about the massive loan forgiveness, calling it “cash gift.” The examiners also questioned the rationale behind the return of the collaterals to Saraki. Yet, Mr Lamido never acted since he was only satisfying his benefactor.

Curiously, before Lamido’s takeover of Intercontinental bank, the bank’s inter-bank takings was N73 Billion, with no record of the bank’s indebtedness to the CBN but by the time the bank was sold, it was owing the CBN N100 Billion and other banks N300 Billion. Contrary to Lamido’s claim that he injected N100 Billion to revive Intercontinental bank, the bank’s balance sheet as the time of takeover was N1.6 Trillion. The bank had 330 branches, 2 foreign subsidiaries, 12,000 employees and paid-up capital of N230 Billion.

If the takeover of Intercontinental bank and the replacement of its employees by former employees of defunct Societe Generale Bank were not surprising enough, the sale of the bank to Access was the most fraudulent in Nigeria’s banking industry history.

In 2011, Aig Imokhuede, founder of Access Bank and a debtor of Intercontinental Bank began talks with the Sanusi Lamido-led Central Bank of Nigeria to acquire Intercontinental Bank Plc. Further to the approval of the shareholders of Intercontinental bank and Access Bank, court sanction of the Federal High Court of Nigeria and approval of the Central Bank of Nigeria and the Securities & Exchange Commission, Access Bank Plc (“Access”) and Intercontinental Bank Plc (“Intercontinental Bank”) announced the completion of the recapitalization of Intercontinental Bank and the acquisition of 75% majority interest in Intercontinental Bank by Access Bank Plc.

In effect, Intercontinental Bank (including all its assets, liabilities and undertakings) became a subsidiary of Access Bank Plc. Aluko & Oyebode acted as Transaction Counsel to Access Bank Plc in connection with its acquisition of Intercontinental Bank Plc. The question is how did Aig Imokhuede and Herbet Wigwe acquired Intercontinental Bank?

Africa Inquirer obtained a loan document showing how Aig Imokhuede and his partner Herbert Wigwe (current MD Access Bank) used a company called United Alliance Company of Nigeria to borrow over N16 billion from Intercontinental Bank under Akingbola. The duo tactically delayed payment of the loan. Aig wrote to Mr Lai Alabi twice rescheduling the payment of the loan which were allegedly written off by the CBN before the forced controversial acquisition of the bank by Access.

Our investigation later discovered that, the delay tactics was part of the plan of Saraki and Lamido to sell Intercontinental Bank to Aig Imokhuede who took loan from Akingbola’s bank to acquire Access Bank. Lamido’s CBN used AMCON to deplete Intercontinental bank’s assets before selling it to Access bank. Since Access bank is owing Intercontinental Bank N16 Billion, where did it get the N50 Billion to purchase Intercontinental Bank? Africa Inquirer discovered that Aig Imokhuede, sourced for the N50 Billion from Bank of Industry.

Evelyn Oputu, Former CEO, Bank of Industry

Evelyn Oputu, Former CEO, Bank of Industry

As at this time, the Managing Director of Bank of Industry was Mrs. Evelyn Oputu, Aig Imokhuede’s mother-in-law. With impunity, under the supervision of Malam Lamido as the CBN Governor, N50 billion was paid to Intercontinental bank account in the evening, and immediately after the acquisition of Intercontinental Bank was announced, Aig Imokhuede, transferred the N50 Billion back to the Bank of Industry. By implication, Aig and his group paid nothing for Intercontinental Bank. Mrs. Oputu is being investigated by the Financial Reporting Council for alleged fraudulent practices as the Managing Director of the Bank of Industry.

Source:
http://yemojanewsng.com/revealed-how-access-bank-fraudulently-took-over-intercontinental-bank-the-bukola-saraki-lamido-sanusi-script/

Many thanks

franchasofficia:
Only a military helicopter on a special mission during war and for reconnaissance mission should fly under such weather condition.


I keep wondering what made Dr Wigwe agreed to embark on such deadly trip with his wife and kids, people really get mind; it's not advisable for husband, wife and kids to travel by air on same jet or helicopter, please friends learn from this. Always travel separately as a family, especially by air.


If my wealth gets to the net worth of Wigwe, I will stop traveling outside the country I live permanently, and if I must travel, it will be once in two or three years.


I still wonder the joy people derive in traveling around the world and even the nation, worst of via air transport. I derive joy in staying one place and moving around the city in a car, anything that involves flying or traveling long distance always make me sick, RIP brother, your death really hurt me, I pray Emeka doesn't squander your hard earned wealth

If anyone tells you there is a sure way to live a long life, na lie. Only kids that have not seen live can fall for that, there is over a thousand way to die n u can’t run from them all cox as u r running from one naso u go jam another

Rubbish statement to avoid law suite, trust a white man at your own peril. is that how rain and wintry conditions crash planes and helicopters and yet they still fly in those conditions.

“The helicopter was not equipped with a cockpit voice recorder or a flight data recorder. This helicopter was not required to be equipped with those types of recording devices,” Graham said

Pure Text book

In Nigeria,

Can you mention three persons you expect to die instead of this kind-hearted man..?

Just list the three...

WorldRichest:


It's really saddening. That cursed Raymond Dokpesi listed his AIT on the Stock Exchange, and millions of Nigeria including myself bought Shares in the company, after few years, that vagabond de-listed his company from the Exchange while the company is still existing, and without returning our investment. The fraudulent company continues to operate while nothing is being mentioned about our investment. Thoss criminals that run the Exchange watched as we are scammed because they are part of the gang. These so called rich men are hell bent on making the average Nigerians return to poverty level, so that they will have only the Rich and the Poor, the want the Middle Class completely erased. Our God will continue to punish them.


Since 2004 when I started buying company Shares, if I had used the money to marry three wives, by now, I will have about 15 children and 60 grandchildren

I HAVE LEARNT SO MUCH FROM YOU. THIS IS HOW THE RICH WITH THE COLABURATION WITH THEIR FRIENDS IN GOVERNMENT ARE DEALING WITH THE MIDDLE CLASS. GOD IS NOT ASLEEP. YOU ARE REALLY VAST IN THIS COSPIRACY. GOD BLESS YOU.

Jones4190:
this is coming from someone that supports wicked obi over tinubu,

How did you manage to drag My president His excellency President Tinubu and my Choice in the past Election into this conversation? So it's good to make callous and rumor based accusations against a dead person bah?
I voted for Peter Obi and I will do it again if there's no better option. I am proud of it, I'm not pained that he lost. The sufferings of this country will not affect me. It will favour me and like minded Nigerians who vote for integrity not tribalism.

Biglittlelois:



I can attest to the bolded because I also lost alot of money that I invested in shares back in 2008, I was in shock because I felt I made the right call, i use to believe in investment back in the day, but after that loss, I promise myself never to invest in anything in this country ever again, the Nigerian economy has been designed to steal from the less privileged to increase the riches of elites

It is well.

invest in mutual funds through ARM, fixed Deposits through MFB or life insurance savings for a span year of 5 to 10 years through heir insurance or remit pensions, or rather invest in a business or start up a business.