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...
