EFCC Witness Reveals How Intercontinental Bank Wrote Off Billions Of Naira For Saraki, Father | Sahara Reporters

A Federal High Court Sitting in Lagos has been told how Bukola Saraki, the Senate President, and others took billions of naira in loans that were written off by Lai Alabi, Erasmus Akingbola's successor as Managing Director of the defunct Intercontinental Bank Plc.

Akingbola was re-arraigned last month at the Federal High court following a further amnendment to the initial charges the EFCC filed against him before the Lagos State High Court in 2009 when the case first started. According to the EFCC's amended charge, Akingbola violated Section 15 of the failed Banks and Financial malpractices in Banks Act, Cap F2, Laws of the Federation of Nigeria, 2004, and was liable to be punished under Section 16 of the same Act.

Other companies said to be indebted to the defunct Intercontinental Bank Plc are Joy Petroleum in the sum of N3.932 billion, Linker 617,693,988.99 and United Alliance Company Limited, in the sum of N14.5 billion , 14.27 billion and N10.97 billion respectively.

Toh Fah,

Pls where's Erastus Akingbola of the defunct Intercontinental bank?

rofasanten Follow the man wey sabi thief😂😂

When we use all years incriminating, then eternity will be used for prosecution... LOL

My question then was that how was it possible for Access Bank to acquire intercontinental bank. It was all polities and so many intrigue

... and the bank failed just like Societe Generale. Two of a kind

Written off debts are not unusual in banking. They wrote off the debt ( sensation) under what circumstances? (not stated).

He will naw be claiming innocent to Ilorin pple and Nigeria as a whole

This Saraki family is a virus in the country.

Oops... What are they always doing with this money

One day you people will get tired of talking about senator bukolasaraki. People are been killed in Zamfara State on a daily basis and the fake media is less concern about it but it's concerned about Saraki.

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