Court orders sale of Erastus Akingbola's Cayman Island properties to recover N164n debt | Welcome to Linda Ikeji's Blog

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Monday, 1 December 2014

Court orders sale of Erastus Akingbola's Cayman Island properties to recover N164n debt

Ex- Group Managing Director of the defunct Intercontinental Bank Plc, Erastus Akingbola’s properties in Cayman Islands have been frozen by the Grand Court of Cayman Islands in a bid to recover a debt of N164 billion from him. The property is known as 2 Cambridge Court.

This comes after his properties, some flats at 17, 18, 19&20, Embassy Court London, NW 8, London, were sold.

 

Access Bank, which acquired Intercontinental Bank in 2012, had filed a debt recovery action in a London High Court, in respect of the sum said to have been converted and allegedly misappropriated by Erastus Akingbola who was also saddled with the responsibility of paying for the cost incurred by Access Bank while processing the case.

The court in a ruling by Mr Justice Andrew Jones QC, also granted a default judgment in the sum of N238,471,484, 162 and 1.8 million pounds in favour of Access Bank with interest from April 2014 until payment is made.

74 comments:

Unknown said...

OK.

Emi Nelson said...

All this
Money

Unknown said...

Too much money here.
Diamondberry027@gmail.com

Bishop Dammy said...

N164billion?? That's really much. Read this Phil 4:13 and 19 and pray on it friends) BishopDammy#

success said...

i feel sorri for the Erastus

snowflix said...

Nawa o #onelovefromSnow#

Unknown said...

Nawa o I remember my days of industrial training @ IBPLC, I remember this man as very gentle and religious..he declared compulsory fasting every first monday the month.

Anonymous said...

They wan kill the man? Haba na all his life savings. That goes to show that any wealth ill gotten will also go like that.

ary said...

Jeez all that stealing has come to naught, but I bet there are other properties he has hidden elsewhere

BONARIO NNAGS said...

Way to go,its a welcomed development.

~BONARIO~says so via NOKIA LUMIA

Unknown said...

if you steal you pay.......

Unknown said...

good for him...i wish EFCC can go after these our corrupt politicians...


#GodblessNigeria

Unknown said...

Nawaoooo

Unknown said...

Na dem sabi

Alexshoppee said...

Good for him

Livvsreamblog said...

Can you imagine 164bn just for one man theft that was too much of him,the court serve him well

Alexshoppee said...

Good for him

Uche Emma said...


Wow.
This is serious.
No hiding place in our today's world

Unknown said...

Life is a bitch....so this man is actually going down like Ocean bank cecilia Ibru......Daris God o# *****QUEENMAYA******

OSINANL said...

OK...

Mzz_Mary said...

Hmmmm
See money

shuga Aprils said...

Dis man mata still dey ground.... Lol

Winyluv@yahoo.com

Unknown said...

Well justice finally prevailed here.

Unknown said...

Thank God dey should recover my money back 2 me

Unknown said...

See GOBE!

Uche Emma said...


Sincerely, I really feel pity for him. My guess is that he really "worked hard" to build Intercontinental Bank.
But what I really can't understand is why and how he (and other former bank MDs) were also milking an institution the built. It does not seem logical, but then ..... (life sometimes defies logic)

Alloy Chikezie said...

Wow! That's a lot of money. Serves him right.


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ujunwa said...

Very good ideal

Unknown said...

Ow! Bad news for erastus. Crime, corruption, greed brings nothing but loss. Watch it!

Anonymous said...

na wa o.Goldensarah9@yahoo.com

Unknown said...

Mehn! see money. Now where will they all end up? this is 2nd Ibori

I'm out. ***CATCH ME IF U CAN**

Unknown said...

Heart attack will definitely send him to grave. Too much money

#Commenting thru GLO 4G LTE

Empressitta said...

Okay nah empressitta@yahoo.com

Unknown said...

Omo see bar wey dis man loot.

GistNaija said...

dats good

Unknown said...

Thats just d way it works

buchi said...

Serves him right

Uche Emma said...


Sincerely, I really feel pity for him. My guess is that he really "worked hard" to build Intercontinental Bank.
But what I really can't understand is why and how he (and other former bank MDs) were also milking an institution the built. It does not seem logical, but then ..... (life sometimes defies logic)

Uche Emma said...


Sincerely, I really feel pity for him. My guess is that he really "worked hard" to build Intercontinental Bank.
But what I really can't understand is why and how he (and other former bank MDs) were also milking an institution the built. It does not seem logical, but then ..... (life sometimes defies logic)

Uche Emma said...


Sincerely, I really feel pity for him. My guess is that he really "worked hard" to build Intercontinental Bank.
But what I really can't understand is why and how he (and other former bank MDs) were also milking an institution the built. It does not seem logical, but then ..... (life sometimes defies logic)

Unknown said...

Linda there's error on this post, check it out 'N164bn' not N164n.

Anonymous said...

Oga o!how has mighty fallen dis man is doomed!..g789madu@gmail.com

Unknown said...

Oh! Dats just a step 2 run-down! So sorry Sir.


@jessyangels4love

phlexx said...

Very good!

Anonymous said...

its 164 BILLION not 164n...chai Linda

endy said...

Hmm,c wealth nw..let's c hw it all goes

yawanow said...

Bad debt.

yawanow said...

It's a pity

Anonymous said...

Refund is very bad @cusmasgoalboy

Amah said...

Hmmm

Unknown said...

What shall it profit a man to to gain d who world and miss d real world. Just saying doe.

Long live LIB™

Anonymous said...

He has been stripped to the bones of all he dubiously acquired. He should set his mind on a fresh beginning... How are the mighty fallen....

bukola... said...

wealth acquired thru illegal nd unholy means will surely go thru thin air...if he only knew..

Unknown said...

Ok. Seen.

Goziem Oh LORD said...

That is good

Unknown said...

can I buy one too? pls!

jbankzE said...

C moni ooooo,lawd v mercy

~@iamjbankz SA to President Jonathan 2015~

Okoro said...

Karma

bbm 7F098C19 said...

smh. Engr Emy

Anonymous said...

na wa o..pedrotoki80@yahoo.com

Unknown said...

That is our bank money oh, God help this nation

Unknown said...

By the time they are done with him,fadin no go remain with am.

Unknown said...

I pity the man

Unknown said...

Highest debt In naija!! Looks like he's gonna be paying it until his grave. May God rescue you...

mzmaris said...

Everyday for the thief, one day for d owner

OGUNEWE JOSEPH said...

this is mind blowing and expression of the true greed and lifes style of so many wealthy Nigerians.stop this looting!!!!!

clovis louis said...

Love ur ass queen maya

Anonymous said...

Love your ass maya

cutie vee said...

dats lot of money

Anonymous said...

Akingbola is a T-H-I-E-F.

Anonymous said...

It is a pity that he will loose his hard-earn properties just like that...*crying for him*


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Anonymous said...

...So unfortunate many Nigerians still don't know the truth behind access bank aquisation of intercontinental, infact it also obvious that access bank was indebted to intercontinental before the backyard aquisation. Ok how u go dey owe me still come buy me? Sanusi and others will pay the price. One day we intercontinental staff now with access will chase acces back back to where they belong.

Itoz said...

Please me i want to buy one of them o biko.

Anonymous said...

Justice shall prevail. This should serve as a lesson to others. mjabdulk@gmail.com

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