The Economic and Financial Crimes Commission, EFCC, has begun the process of seizing properties belonging to ex-Vice Chairman and Managing Director of Intercontinental Bank and 'Church Elder', Erastus Akingbola.

The agency yesterday sealed up his main house on 12, Ruxton Street Ikoyi, Lagos. (Pic of house below), 15 exotic cars found in the home were also seized.

A Lagos Federal High Court ordered the interim confiscation of Akingbola's properties in Lagos, the United Kingdom, Dubai, and Accra in Ghana.


Among the properties to be seized are Amazing Grace Plaza, Ligali Ayorinde Street, Victoria Island, Lagos; properties, cars, and personal assets on Milverton Road, Ikoyi; at 2 Bedwell Road, Ikoyi, Lagos; 26 Chester Terrace, London; 65 Gove-End Road, London; and 8 Connaught Street, London.

Also confiscated are his shares in Intercontinental and Access Banks, Tropics Securities, Tropics Property, Tropics Holdings, Summit Finance Company, Tropics Finance and Investments Company, Yankuri Nigeria, Regal Investments Nigeria, Bankinson Discount House, and Associated Discount House.

The Courts also restrained the ex-bank chief from touching the N346 billion in his bank accounts pending his arrest and prosecution for alleged mismanagement of depositors' funds and abuse of office

His house in Ikoyi, pics thanks to Next.

Money is great surely, but what does anyone want with one million cars, one million houses, one million bank accounts, shares in one million companies? It's not like we have a million years to live,

http://www.kennynaija.com/2010/01/efcc-confiscates-assets-belonging-to.html

The Courts also restrained the ex-bank chief from touching the N346 billion in his bank accounts pending his arrest and prosecution for alleged mismanagement of depositors' funds and abuse of office

HE IS MORE LIQUID THAN LAGOS STATE GOVT.

sometime in life will need to understand that,some people are using all this trash to blackmail this man , point of correction this man is a pastor,l can see this as a temptation. as a christian temptation will always come but God promise to see us through. let us stop crucifying our brothers.God will be the one to judge.

pmartins:

sometime in life will need to understand that,some people are using all this trash to blackmail this man , point of correction this man is a pastor,l can see this as a temptation. as a christian temptation will always come but God promise to see us through. let us stop crucifying our brothers.God will be the one to judge.

But are we sure he never comit any crime at all? I dont fink if he is not involved, he will be mentioned

At least, we av gtbank boss dia, was he mentioned?

SHALOM