Bank Fraud: Nigeria wants Erastu Akingbola extradited from Britain
Erastus Akingbola
Nigeria asked Britain to extradite Erastus Akingbola, the former chief executive officer of Intercontinental Bank Plc, so he can face charges which include mismanagement of the lender, the Central Bank of Nigeria said.
Justice Minister Mohammed Adoke made the request for extradition in a letter to the British Home Secretary, the Abuja-based central bank said in an e-mailed statement today.
Akingbola was among leaders of Nigeria’s commercial banks that were fired by the central bank last year, after the lenders gave out non-performing loans totaling 700 billion naira ($4.7 billion).
He is accused of “financial misappropriation, money laundering, financial malpractices, corrupt practices and other related offences,” according to the justice minister’s letter, a copy of which was attached to the statement.
Akingbola, who helped found Lagos-based Intercontinental Bank in 1989, has been living in the U.K. since his removal on Aug. 14. He went to the U.K. on Aug. 19 after security officials arrested and detained three other former managing directors who were also removed by the central bank, ThisDay reported on Aug. 21.
Akingbola notified the U.K. authorities of his whereabouts and provided them with full contact details through his legal representatives, his media assistant, Suleiman Adebajo, said in a statement on Sept. 14.
Akingbola didn’t answer calls to his mobile phone today.
Lamido Sanusi, governor of the central bank, fired Akingbola and seven other bank chiefs and bailed the lenders out with 620 billion naira after the debt problem that threatened the industry with collapse.
Souce: Bloomsberg
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