The Economic and Financial Crimes Commission on Thursday, 27th September, 2012 arrested a bulk currency smuggler, one Abubakar Tijani Sheriff for attempting to smuggle $7million out of the country.
Akingbola Fails To Produce Witness In Court … Contradicts Self In Defence Of Transfer Of Funds To Offshore Beneficiary
A former managing director of Intercontinental Bank Plc now Access Bank Plc, Erastus Akingbola and one of his associates, Bayo Dada on Thursday, September 27, 2012 failed to produce a witness they had earlier told the court will be available to testify in the continuation of their trial before Justice Habeeb Abiru of a Lagos High Court. The duo are standing trial over an alleged N46billion theft.
The Economic and Financial Crimes Commission (EFCC) on Wednesday, September 26, 2012, accused a former managing director of Bank PHB, Mr Francis Atuche of using depositors funds to pay N45 million (Forty Five million naira) tithe. Lead prosecution counsel, Kemi Pinheiro, SAN, made the accusation while leading key witness, Mr Solomon Abolaji Ogunsola, a former staff of PHB Mortgages Limited, in evidence before Justice Lateefa Okunnu of a Lagos High Court sitting Ikeja, Lagos. Atuche paid the money from an account of PHB Mortgage Limited.