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Akingbola Set to Appeal British Court Ruling

By on August 2, 2012

Erastus Akingbola, the embattled former Managing Director of Intercontinental Bank has said he will appeal the ruling made by a London High Court earlier this week which found him guilty of misappropriating over $ 1 billion.

According to a statement released by the former banker’s media team, the banker maintains his innocent and is prepared for a protracted legal battle with the British judicial system.

The statement reads, “We are disappointed with the judgment, which is at variance with all evidence at the hearing. Our lawyers have, therefore, been instructed to pursue an appeal of the judgment as well as consider all further legal options.

“May we also clarify that the judgment did not order Dr Akingbola to pay any sum of money as at today, contrary to claims in the media reports.

“This civil case in London is the fourth variant of the various cases in the Nigerian courts emanating  from the forceful take-over and subsequent sharing of the assets of Intercontinental Bank and the ruthless suppression of any opposition.

“Dr Akingbola restates his innocence and is determined to clear his name. He remains confident that the judicial system will eventually vindicate him.”

One Comment

  1. Ogbebo Osaretin

    August 2, 2012 at 8:12 am

    d concience they say is d best judge.
    if i were akingbola I wld beg for God’s forgiveness n donate the wastefull legal fees to charity…
    but didnt the bible already say it will be hard for the rich to…