The embattled former bank chief, Mr Akingbola argued that the Justice Michael Burton’s judgement "is at variance with all evidence at the hearing."
In a press statement signed by Charles Nwagwu, his media counsel, Akingbola said his lawyers "have been instructed to pursue an appeal of the judgment as well as consider all further legal options."
The statement further said 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 takeover 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.”
Recalled that a High Court in London recently found Mr Akingbola guilty of misappropriating the funds belonging to former Intercontinental bank (now Access Bank) and diverting the money for his personal use.
Delivering judgement in a fraud lawsuit filed by Access Bank against Mr Akingbola, the presiding judge, Justice Burton said Mr Akingbola is responsible for directing the bank to buy its own shares at a loss of about N145 billion, siphoning money to companies controlled by him or his family and using Intercontinental bank’s funds to buy real estate in the U.K.
Further trial in the matter is still ongoing in Nigerian.
The statement further said 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 takeover 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.”
Recalled that a High Court in London recently found Mr Akingbola guilty of misappropriating the funds belonging to former Intercontinental bank (now Access Bank) and diverting the money for his personal use.
Delivering judgement in a fraud lawsuit filed by Access Bank against Mr Akingbola, the presiding judge, Justice Burton said Mr Akingbola is responsible for directing the bank to buy its own shares at a loss of about N145 billion, siphoning money to companies controlled by him or his family and using Intercontinental bank’s funds to buy real estate in the U.K.
Further trial in the matter is still ongoing in Nigerian.
