of the defunct Intercontinental Bank, continued on February 19, 2021
before Justice A.O. Faji of a Federal High Court, Ikoyi, Lagos with a
witness of the Economic and Financial Crimes Commission, EFCC, Babatunde
Aro, narrating how the defendant allegedly bypassed banking protocols to
transfer $11.8million and £8.54million offshore without recourse to the
bank’s standard procedures.
fraud committed by him while he held sway at the Bank. He is alleged to
have perpetrated the fraud using suspicious financial transactions. He
pleaded “not guilty” to the allegations.
Testifying as the fourth prosecution witness, Aro, who works with Access
Bank Plc, as Head, Global Compliance Advisory, told the Court that he
How Akingbola Bypassed Protocols to Transfer About $12million, £9million Offshore – Witness
The EFCC witness reportedly disclosed this at the ongoing trial of Akingbola which continued on February 19, 2021 before Justice A. O. Faji of a Federal High Court, Ikoyi, Lagos.
by SaharaReporters, New York
Feb 22, 2021
A witness for the Economic and Financial Crimes Commission, EFCC, Babatunde Aro, has narrated how Erastus Akingbola, a former Group Managing Director of the defunct Intercontinental Bank, allegedly bypassed banking protocols to transfer $11.8 million and £8.54million offshore without recourse to the bank s standard procedures.
The EFCC witness reportedly disclosed this at the ongoing trial of Akingbola which continued on February 19, 2021 before Justice A. O. Faji of a Federal High Court, Ikoyi, Lagos.