The Economic and Financial Crimes Commission on Tuesday arrested the former Chief Executive Officer, Intercontinental Bank Plc, Dr. Erastus Akingbola, over fresh N47.1bn money laundering charges.
The embattled former bank chief was arrested in Lagos by operatives of the commission and will be arraigned at a Lagos High Court on Wednesday (today) on a 29-count charge.
Also arrested are the former Managing Director, Afribank, Mr. Sebastine Adigwe, and his Finbank counterpart, Mr. Okey Nwosu. Eight former directors of the three banks were arrested too.
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