FORMER INTERCONTINENTAL BANK MD ORDERED TO PAY ACCESS BANK 164 BILLION NAIRA

Former Managing director of the defunct Intercontinental bank, Mr Erastus Akingbola has been ordered by a UK high court to pay Access bank Plc (formerly intercontinental bank) 654 million pounds. The money, evidence revealed had been stolen directly from the bank during his tenure as managing director and used to buy property and pay off debts owed by his companies.
The judgement delivered by Tuesday by Justice Micheal Burton ruled that Mr Akingbola was liable to refund the money to Access bank.

ZENITH ,FIRST BANK, GUARANTY TRUST BANK MAKE LIST OF WORLD'S TOP 1000 BANKS

Banker magazine a publication of the Financial Times of London has listed Eight Nigerian banks among the top 1000 banking institutions world wide. The banks on the list are Zenith bank, First bank, GTB bank, Acess bank, UBA, Fidelity bank, First city monument bank and Skye bank.
According to the ranking Zenith bank is 7th in Africa and 322nd worldwide, First bank is 11th in Africa and 338th worldwide, GTB is 15th in Africa and 455th worldwide, Access bank is 16th in Africa and 563rd worldwide, UBA is 17th in Africa and 618th worldwide and FCMB is 22nd in Africa and 710th worldwide.