A Grant Court of the Cayman Islands has granted Access Bank Plc leave to sell more of the properties belonging to former managing director of the defunct Intercontinental Bank Plc, Dr Erastus Akingbola recently discovered on the Island, Nation reports.
The court also asked Akingbola to pay Access Bank N238 471 484 162 and £1 800,000 with interest from April, 2014 until payment.
Also read: Akingbola Vs EFCC: Court fixes date
A London High Court in July 2012 had also asked the embattled former bank chief to pay Access Bank N164 billion while delivering judgement in a recovery action filed by the then Intercontinental Bank in order to recover the bank’s funds he allegedly fraudulently converted and misappropriated.
Access Bank had acquired Intercontinental Bank on January 31, 2012 after the bank was taken over by the Asset Management Corporation of Nigeria (AMCON).
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- News 24