EFCC confiscates assets belonging to Erastus Akingbola | Welcome to Linda Ikeji's Blog

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Thursday 7 January 2010

EFCC confiscates assets belonging to Erastus Akingbola


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...

Please share your thoughts on this...

29 comments:

Anonymous said...

15 cars ke? for what?! Nigerians can so OD uselessly sha!
and was that a typo or did that say 346 billion naira?!!!!!! what!!!!

wow o!....na real wa!

Anonymous said...

Wow N345b = $2.25b forbes should eat this shit up. bobo get money oh! how manage forbes no see this one put on their wealthest people in the world. Bank manager na real thief. This is what you call 419 to the highest degree.

Anonymous said...

They should tie him under the Black Maria as they drive him to Kiri Kiri THEN but leave him in an underground bunker for 1 year, no human contact with just enough food and water to keep him alive to feel searing pain of hunger and thirst!

Admin said...

aaaaah jeeesu,i am just speechless

DorisSimeonAdeminokanFan said...

Taking all of the man's assets is not a good thing.
It's like going back to zero. They should pity him small now?

Na wa o

Myne said...

I guess they should prove that the assets were illegally acquired.

Felix Diamond said...

This is too hard. Are those properties illegally acquired?

Anonymous said...

Doris Simeon Fan: make dem pity am, him pity you as him dey chop the money? him pay your rent? him buy you car? if you dey waka for road, you tink sey him no go splash kpoto-kpoto on you as him dey drive him lamborgine for road.

he started from zero so before nko? let him go back and start from dere again, at least it shouldn't take him long to get back up because him get experience now.


MTTTEWWWWWWWWWWWWWWWWWWWWWW!!!

Joiedevivre said...

N346b in his accounts! And I am looking for 550k to rent a house! May God help us.

Joiedevivre said...

N346b in his accounts! And I am looking for 550k to rent a house! May God help us.

Dith said...

just wow!

Anonymous said...

the greatest mistake he made was to run. at least the other mds where left with a few assets. he is a disgrace to christianity.

Living Life Like It's Golden said...

abeg jare..those confiscating the money..what are they going to do with it..same cycle all over again.

DorisSimeonAdeminokanFan said...

@Anonymous 9:01 pm

LOL :-)

I'm not in support of his fraudulent attitude and all that.

Me i just they pity am and his family if they are left with nothing to move on with life.

peace

Anonymous said...

A complete goat! May he reap what he sowed

Anonymous said...

This is all a farce abeg, I suspect as soon as he cooperates and greases the right palms he'll have everything back to normal again, after all this is the same Nigeria that declared Ibori not guilty of misappropriating public funds and said not only is Odili not guilty but he cannot be prosecuted again for the same crimes.

Now as for Pastor Akingbola... was he not one of those that helped Adeboye acquire that private jet? Now you mean to tell me that Adeboye did not know this man was not clean? Na wa o.

oc said...

linda dis hw sme people could b very stupid.,&selfish..i mean wat wil he do wiv all these assect....dis total abuse of office.,.hey am speechless...i think dis dude should b jailed 4 life.....lol is a pity...n a country where people re lookin 4 food 2 eat...!na wa o..lord ve mercy.!

Anonymous said...

Hhhm... And I hear Pastor Erastus Akingbola is high up there on the Redeemed Christian Church of God Hierachy. God help us..o. Thieves in the house of God holding high positions at that.

Shame on him and his cohorts...

Anonymous said...

What a great resource!

Anonymous said...

@OC - please rewrite your response in English!!! People have taken text short hand to another level, what the heck! I could barely read the post without first trying to decipher the crap. You posted something short so why couldn't you just take the time to write it properly? This is terrible. What is use of all that time spend in school? It was in the news that employers have found that people sometimes make the mistake of using the same writing style on their applications because they are so used to replacing YOU with "U" etc. SNAP OUT OF IT, PEOPLE!!!

Mrs. Marek said...

Church na business!!! It is this same people who will now try to put guilt trip on a person if they can't pay their tithes because the person dey mess wit dem N346B bank account balance!!!

May thunder and lightening strike him where he stands!!!

Anonymous said...

@10:04 A person is deemed innocent until proved guilty. I can guarantee you that all you have read about this man may not be entirely true. So let's be careful how we judge others based on hearsay

oc said...

@anonymous are you a guy or girl..? don't tell me u did not understand my simple shorthand.. damm.,! which school did you attend..! please don't say that again before i burst into laughter....!!wow

Anonymous said...

I think he has put himself into deeper trouble. It would have been better if he had showed up like the other CEOs at that time.

It is going to be worse when he is found guilty and arrested by INTERPOL. Which humiliation is better? Internal by EFCC or International by INTERPOL.

Anonymous said...

@OC: What has my gender got to do with my response to your indecipherable posting? Additionally, maybe they taught that type of "short hand" at the barn yard school you attended but that didn't happen in my school where we were taught proper spelling, grammar and everything else one needed to compose an intelligent write up. Anyway, since you understood what I wrote, all hope is not lost for you.

Lastly, if you feel the need for a come back response, please feel free to do so and let me come down to a level you might understand further: I dash you the last word LOL! LMBBAO! LWKMD! HISSSssseee!!!

OC said...

@anonymous., you claim to know everything when you knw nothing..,in fact i don't even knw why am talkin to you..am above people like you..!! get lost,i have better things to think u still a kid..!!

Concerned observer said...

@anonymous and oc
Guys guys..........or is it girls girls :-)
You guys left the matter at hand and started going at each other, to be fair, anonymous u started it. Communication / language / grammar etc is the simple ability to hear/read and understand, shorthand used to be a course taught in school if i remember correctly, and i read oc's response and got the message, so if you didnt get it, then u either learn shorthand (2010 version) or u forget it and leave oc to his/her folly.
OC, you didn't need to bring gender into the issue, 'cos being a guy or girl has nothing to do with understanding a writing in a foreign language/style. He/she is simply not used to the way u write.
So people, lets spread love not make war.......especially over a little issue like writing styles.
Imagine what shakespere would say if he read our grammar/literature of today!!

Anonymous said...

Cant wait for him to book a hot hotel room in kiri kiri..where Chief Bode George will welcome him..shege

Anonymous said...

Ur actually dull man!d money he stole,does it have an affiliation with ur father?nigga why are you pained..go take a fucking chill pill and bother about making your money dumb-ass.you nigga's getting worked up like you wouldn't steal if your up on the seat!smh

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