Date Published: 08/23/09

EFCC declares Ibru, Akingbola wanted

The Economic and Financial Crimes Commission, EFCC has declared wanted the recently sacked Chief Executive Officer of Oceanic International Bank Plc, Mrs. Cecilia Ibru, and her Intercontinental Bank Plc counterpart, Mr. Erastus Akingbola.

According to a statement released on Sunday by the anti-graft agency, “the two former bank executives are wanted in connection with fraudulent abuse of credit process, insider trading, capital market manipulation and money laundering running into billions of Naira.”

Executive Chairman of the EFCC, Mrs. Farida Waziri, directed that the two former bank executives be declared wanted at the weekend following their failure to honour the Commission’s invitation.

“Apart from failing to honour the Commission’s invitation, intensive search for the two executives in the last one week has not been successful. They obviously went into hiding to evade arrest.

“This development has made it imperative for the Commission to solicit for useful information from Nigerians who know their whereabouts.

“In the same vein, it is necessary to warn that anybody who harbours the two former bank executives will be treated as an accomplice or accessory to crime,” the statement added.