Wednesday, 04 August 2010 20:21 ISAAC AREGBESOLA, ABUJA

http://www.businessdayonline.com/index.php?option=com_content&view=article&id=13380:efcc-detains-akingbola-seizes-his-travel-documents&catid=1:latest-news&Itemid=18

The Economic and Financial Crimes Commission (EFCC) has detained Erastus Akingbola, former chief executive of Intercontinental Bank over a N10 billion money laundering allegation.

Akingbola who returned to the country unnoticed by security operatives at the Nnamid Azikwe International Airport Abuja in the early hours of Tuesday, submitted himself at the headquarters of the EFCC in Abuja, early on Wednesday and has had his travel documents seized by the agency.

He eventually came into the premises of EFCC in a navy blue suit at 10am today and was received by a team of interrogators who questioned him on matters ranging from money laundering to misappropriation of bank shareholders funds.

A security source said :”The man may not likely leave our custody till the weekend in view of the number of questions he will need to respond to before being formally charged to court and his travel documents have been seized ”. Femi Babafemi, Head Media Unit EFCC who confirmed the development said the former Intercontinental Bank CEO has reported to the commission for interrogation and that details would be made available later