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With 626 Billion Naira, Is Thief Erastus Akingbola More Liquid Than Lagos State?

http://www.tribune.com.ng/07012010/news/news4.html

Akingbola to forfeit N626bn, 8 houses, 9 companies, 12 accounts - Court - ’No more sack in Oceanic Bank ‘

Lanre Adewole and Odidison Omankhanlen - 07.01.2010

The Mareva order granted against the wanted former Group Managing Director of Intercontinental Bank Plc, Mr. Erastus Akingbola, would see him forfeiting, temporarily, to the Federal Government, about N626 billion, eight houses, nine companies and 12 bank accounts.

This is even as the Economic and Financial Crimes Commission (EFCC) again sealed off his property at 2, Bedwell Road Ikoyi, Lagos on Wednesday.

Commission’s spokesperson, Mr. Femi Babafemi, confirmed the sealing off of the property.

The Mareva order issued by a London court and a federal high court sitting in Lagos covered all his properties worldwide.

All the items listed by the commission were covered by the order.

His property at 12, Ruxcon Road, Ikoyi, Lagos was sealed off on Tuesday which signaled the commencement of the execution of the Mareva order.

In the Mareva sum contained in the order, N346 billion was listed in local currency while 1,085,575 British pounds was also listed as alleged proceeds of crime.

The order restrained Akingbola and members of his family from coming in contact with the said property until it is lifted.

In the schedule 11 of the order, assets listed included, property at Milverton Road, Ikoyi, 26, Chester Terrace London, 8 Connaugh Street, London, 65 Gove-End Road, London, Amazing Grace Plaza, Ligali Ayorinde Street, Victoria Island among others.

Companies listed in the order included Tropics Securities, Tropics Property, Tropics Holdings, Summit Finance Company, Tropics Finance and Investment Company, Yankuri Nigeria Ltd, Regal Investment, Bankinson Nigerian Ltd and Associated Discount House Ltd among others.

Some of the bank accounts included accounts with numbers 0001200000029420, 0001210000005334, 0111-001-000352735 and 0111-001000-352745 domiciled with Intercontinental Bank.

Fifteen cars and five dogs were found on the property sealed off on Tuesday.

In the property listed in his name in the court order, he is said to own 10 properties in Ikoyi ansd Victoria Island, Lagos alone.

The commission’s guards now watch over the seized property.

It was also gathered that the commission’s chairman, Mrs Farida Waziri had written to all banks where Akingbola has accounts for the transfer of same to the government.

Other banks where he has accounts included Access Bank, Zenith Bank, Skye Bank, Fidelity Bank and Intercontinental U.K.

Security agencies abroad where Akingbola has properties and bank accounts, had also been contacted for the same measure of treatment for the former banker.

While the Lagos order was granted on the last day of 2009, the London court had granted its, on 23rd December, 2009.

Some of the assets to also be frozen were Nos 17, 18, 19, 20 on Finchey Road, London as well as the property located at 26, Chesire Terrace, London.

Properties said to have been owned by him in Accra, Ghana and Dubai, United Arab Emirates, were also listed for forfeiture.

The Group Managing Director/Chief Executive Officer, Oceanic Bank, Mr. John Aboh, has said the bank concluded staff rationalisation exercise December last year, stressing that it has no plan to sack any of his workers in the new year.

Speaking against the backdrop of insinuations that the bank had carried out fresh disengagement of staff, Aboh explained that it was unfounded and a premeditated attempt by people to derail the consistent progress being recorded by the bank.

According to him, last year rationalisation was to drive operational efficiency in the organisation, noting that it had become imperative to alert customers and shareholders on true situation.

“I urge our esteemed customers, shareholders, and the entire banking public to disregard such reports. Oceanic Bank is making steady progress with its recovery efforts and the trends before us show promising prospects and enhanced value creation for all stakeholders.”

The Oceanic Bank boss explained that prior to the bank’s staff rationalisation exercise, the bank was expending over N4 billion monthly on salaries and wages to a workforce of over 20,000 people.

“We had to implement the painful process of staff rationlisation to streamline the workforce along the line of the current business realities otherwise we will be deploying depositors’ funds to sustain the bloated workforce. The vision we have is to grow the business to ensure consistent value creation for our customers and shareholders.”

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51 answers

i think the intrigue in Akingbola and his 'csae' is perfectly simple: when we say we are a pastor - this carries a responsibility. We are wielding a lot of influence. It reminds me of a song i once heard - the lyrics go thus - the biggest cause of atheism in the world today is 'Christians' that acknowledge Jesus with their lips and go outside and deny Him with their lifestyle - this is what an unbelieving world simply finds unbelievable.

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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 uws stop crucifying our brothers.

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What is gbomogbomo? Is that an igbo word?

Are you not aware of the otokoto equivalents in Yorubaland?

Do you want to see articles to prove that?

Are Yoruba children not killing parents?

You make me laugh in Yoruba (as Sjeazy8 would say)

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RITUAL KILLINGS E.G CHILDREN KILING PARENTS AND VICE-VERSA

OTOKOTO THAT HAPPENED IN IMO STATE IN 1996.

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Adeboye doesn't even look that rich to me, what about the Oyakilomes, TB Joshuas, Oyedepos and chris Okoties ?

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akingbola cannot be more liquid than lagos state. . .apart from the fact that i dont believe those figures being bandied around

his assets consists of houses and cars that cannot be sold easily and therefore not considered liquid wealth. .  .

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Which is most likely the case, seeing how close he was with THIEF BISHOP ADEBOYE; the fact of which makes Adeboye completely culpable. Two thieves calling themselves men of God.

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If Erastus was faithful to his calling then he would have paid 62.6 billion Naira in tithes, neat.

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Its funny how you guys bring ethnicity into every issue and they say Northerners are the problem.

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It appears U have problem with disecting sarcarstic comprehension! Obviuosly U did WAEC runs for not been able to grasp the innuendos I exhibited in my posts,,,I have been back and forth with with mekusxyz on this post and I strongly believe he understands where am coming from,,,

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RealTruth must equal "RealLiar" for you to sit down and type the nonsense in bold.

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Buahahahahahah!!!!!! (for the parts in bold)

Perhaps C. Ibru left Oyedepo's church because Oyedepo refused to collaborate in stealing people's money?

MFM's response may also have been partial to her trade, hence she takes to hobnobbing with RCCG, the one that accepts any and every thing in its fold?

If anybody is going to be shot with Erastus, it is  definitely Adeboye, the celebrated abettor of criminals

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,,and again I don warn you ooo,,touch not my annointed and do my prophet no harm,,,now U dey mention Daddy GO,,atleast Daddy pray and sanctify all the stolen money Area Pastor Akingbola dey give daddy and RCCG,,,

If U want to be successful like OBJ, Ibori,,Gbenga Daniel,,Tinubu etc, just go Holy Ghost conference for annointing,,,even if U steal,,,the annointing will cover U and the stolen money,,,

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By the time the dust is clear, some of us here will be richer than Akingbola. He is being stripped of all known assets. I hope they find the unknown ones sooner. He should be sleeping in the b/q of one of the mansions he illegally acquired and wash dirty plates for Iya Basiru, the olonje across the street. Why is Nigeria not China? There, this man is as good as dead kpomo. Ole, Barawo banza.

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Sefago,

Can you define for me the word wealth? How much do you need to have to be wealthy? Is stealing people's money and sending them to an early grave, or at best, to bankruptcy the best way to arrive at wealth? Discerning minds want to know.

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@ All,,,,

Remember this man is an Area PASTOR oooooo,,,,,the Bible said touch not my annointed and do my prophet no harm,,,,especially when they re Area Pastors and General Overseers,,,,

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You guys have succeeded in ruining my thread without answering the question I raised in the title. Akingbola being seemingly more liquid than Lagos (richest state in Nigeria by overall GDP) is a more  salient isssue than the tribalism sh-it I am reading here. I am not angry with Erastus for being a thief- he isn't the only thief Nigeria has produced. I am angry that he deceived us with his pastorial claims. Ibori and Ibru at least are not falsely religious as Erastus. I wonder what the other THIEF BISHOP Adeboye of RCCG who has benefitted immensely from THIEF AKINGBOLA has to say about this. Sometimes I really miss not being a journalist. I have so many questions to ask.

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@Topic

What a prolific corporate raider. He may have calculated wrongly though choosing London as a place to hide. He should be in South America or any of the many inconspicous destination in the far east like Cambodia.

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If you have nothing to say go siddon for gutter.

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And what is the source?

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What are these igbo guys talking about as if we dont know the source of igboman wealth.free me jareeeeeeeeeeeeeeeee

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The difference is that while dealing on drugs is a mutual trade albeit illegitimate, fraud is an intentional deception made for personal gain or to damage another individual it could involve duping some other person of his hard earned resources and also embezzling money meant for the masses.

Do you know how many people Akingbola has by this genetic action of his sent to their early graves?

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I guess you are spot on here.

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lest we forget the ibo drug dealers - That disease needs to be eradicated possible via ethnic cleansing

Absolute no point taking out fraudsters and forgetting drug dealers

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Nigeria has too many millionaires but how many businessmen in Nigeria have come of age and hit the billion dollar mark like our fellow Egyptian, South African and Tunisian  business moguls in Africa?. You are naming Wale babalakin of all people. Chisco can buy Wale, his company and his household and still have some change left.

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We shouldn't turn blind eye on this Yoruba Disease, Until the defects in the Gene of Yorubas are cured/corrected, we will continue experiencing these their perpetual defrauding life style.

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These stories are meant to hype your blood pressure. There is no way in hell Akingbola will steal that amount of money without the bank going red before Sanusi.

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Please you forgot to mention.  An ibo man supplied the hard drugs/bombs to the yorubaman

brothers for life

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Akingbola, i truly don't know what to say. How do you feel when thousands of people who worked for and looked up to you are thrown out to streets cos of your greed- if that's even the right word.

These stories make me so sad cos i realise more and more that there really might be no hope for Nigeria. That 's why it is imperative for Fashola to succeed, to serve as an example to those growing up cos there are just no more role models in this country.

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Wealth is not when you steal money that belongs to the masses. Name one Yoruba billionaire who built his business empire on personal sweat without siphoning money from one government agency or another apart from Abiola?. Is it Mike IBB Adenuga or Femi governor Otedola?

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Not only will they stop at that. They have gone ahead to add suicide bombing to the list. a la Logemo house bomber!

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These are false claims. Where did Erastus Akingbola get such money. It's like the Abacha's the media said they stole over $5BN; I seriously doubt he stole that much, not even half of it.

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asha 80

you are looking for why? Simple practice makes perfect.

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they took the man's dog?

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You can say that again. end of discussion

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Why is that?What a hilarious statement.

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Sefago

no mind me jare,these f o o l s come here to look for relevance by insulting yoruba whereas they are worst off.there is nothing politically an igbo man got to offer other to get elected and loot state money,thereby impoverishing their people.i still say it again that igbo produce more corrupt personalities than yoruba but they are genetically modified to escape prosecution.

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While the Ibo person  is genetically modified  to carry hard drugs and ruin  awhole generation of lives

Yorubaman  + Iboman = genocide

Till death do us apart

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Where is it built? Built in by whom? olodo omoibo

That is how neonazism starts

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^^ he's taking too far but truth be told, the yorubas have a knacking tendency of always committing or trying to commit fraud. Its in-built.

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Bluetooth there really no really rich igbos. Mekusxx was naming some small boys like coscharis too me once. They are significantly powerless in Nigerian society except as traders. Ibru and Ibori are not igbo.

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Every name that has I and B in it is not an Igbo name please. Ibru ke? Ibori kwa?

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@ wily wily,

dont you think you take this yoruba thing too far sometimes?

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One of the numerous senseless threads that keep driving responsible people away from the political section of N/Land.

Will you guys ever going to grow and  live a decent life?.

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Are Ibru and Ibori igbos?

From my understanding, the Urhobos are biologically related to the Yorubas.

Is it true?

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So the igbo have been genetically modified.i can see why you guys are not talking about ibru and ibori.,i d i o t s

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I will continue saying it , Fraud is inside every Yorubaman DNA, until they are Genetically Modified, Yoruba and Fraud will remain inseparable

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