PHOTOS: PRESIDENTIAL LAUNCH OF e-ID CARD IN ABUJA

President Goodluck Jonathan collecting money with his National Identity Card after launching the e-ID Card in Abuja on Thursday (28/8/14)

President Goodluck Jonathan collecting money with his National Identity Card after launching the e-ID Card in Abuja on Thursday (28/8/14)

FROM LEFT: PRESIDENT GOODLUCK JONATHAN; DIRECTOR-GENERAL, NATIONAL IDENTITY MANAGEMENT COMMISSION (NIMC) MR. CHRIS ONYEMENAM AND GROUP MANAGING DIRECTOR, ACCESS BANK, MR. HERBERT WIGWE

PRESIDENT GOODLUCK JONATHAN UNVEILING THE E-ID CARD  AT THE PRESIDENTIAL LAUNCH OF E-ID CARD IN ABUJA ON THURSDAY (28/8/14) WITH HIM IS THE BOARD CHAIRMAN OF NATIONAL IDENTITY MANAGEMENT COMMISSION, PRINCE UCHE SECONDUS

PRESIDENT GOODLUCK JONATHAN UNVEILING THE E-ID CARD  AT THE PRESIDENTIAL LAUNCH OF E-ID CARD IN ABUJA ON THURSDAY (28/8/14) WITH HIM IS THE BOARD CHAIRMAN OF NATIONAL IDENTITY MANAGEMENT COMMISSION, PRINCE UCHE SECONDUS

Mrs Ngozi Okonjo-Iweala, President Goodluck Jonathan, Herbert Wigwe, Uche secondus, Chris Onyemenam

PRESIDENT GOODLUCK JONATHAN (2ND R) MAKING PURCHASE WITH HIS NATIONAL ID CARD AFTER THE PRESIDENTIAL LAUNCH OF E-ID CARD IN ABUJA ON THURSDAY (28/8/14) WITH HIM ARE: DIRECTOR-GENERAL, NATIONAL IDENTITY MANAGEMENT COMMISSION (NIMC) MR CHRIS ONYEMENAM (R) AND A STAFF OF ACCESS BANK

President Goodluck Jonathan collecting money with his National Identity Card after launching the e-ID Card in Abuja on Thursday (28/8/14)

PRESIDENT GOODLUCK JONATHAN UNVEILING THE E-ID CARD  AT THE PRESIDENTIAL LAUNCH OF E-ID CARD IN ABUJA ON THURSDAY (28/8/14) WITH HIM IS THE BOARD CHAIRMAN OF NATIONAL IDENTITY MANAGEMENT COMMISSION, PRINCE UCHE SECONDUS

Courtesy: State House Photo

Akingbola moves against enforcement of UK court’s judgment

Former Managing Director of the defunct Intercontinental Bank Plc (now Access Bank Plc), Mr. Erastus Akingbola, has asked a Lagos High Court to quash an order for the enforcement of a London court’s judgment which imposed N212.2bn liability on him.
The London court had on September 13, 2012, ordered Akingbola to pay the sum to Access Bank for his alleged sharp practices which allegedly contributed to the collapse of Intercontinental Bank (now subsumed by Access Bank).
Justice Adedayo Oyebanji of a Lagos High Court had ruled on an ex parte application filed by Access Bank, directing Akingbola to pay to Access Bank the sum of N212.2bn (£654m).
The order directing Akingbola to pay the money was made after the court ordered the registration of the UK court’s judgment to make it enforceable in Nigeria.

Bank employee dies as vehicle somersaults on bridge

At least one person was killed, while another person sustained serious injury after a black Toyota Prado Sports Utility Vehicle somersaulted on the Third Mainland Bridge in Lagos State.

PUNCH Metro learnt that the two victims were employees of Access Bank Plc.

According to traffic officials, the vehicle with number plate, AGL102BU, was on high speed when one of its rear tyres burst suddenly.

The driver of the vehicle was said to have applied the brakes immediately, causing the vehicle to somersault many times until it finally landed on the median.

Exchange Notified of N164bn Judgment in Access Bank Plc V. Erastus Akingbola & Ors.

Access Bank Plc has notified The Exchange that pursuant to its acquisition and subsequent merger with former Intercontinental Bank Plc ("ICB"), Access Bank Plc (“Access Bank”) assumed all interests in litigation matters involving ICB. It is against this background that Access Bank assumed the claims instituted by ICB in 2011 against Dr. Erastus Akingbola and others, before Justice Burton of the United Kingdom High Court of Justice, Queens Bench Division Commercial Court. Yesterday 31st July 2012, Mr. Justice Burton gave his judgment comprehensively in favour of Access Bank Plc in respect of all its claims totaling 164 Billion Naira against the defendants.

Access Bank would therefore like to inform the public that following AMCON’s injection of capital into ICB (now part of Access Bank) pursuant to the Scheme of Arrangement approved by the Shareholders of the then ICB, and sanctioned by the Federal High Court, AMCON made good all the losses suffered by the then ICB under Dr. Erastus Akingbola’s management. It is by virtue of AMCON’s intervention that the then ICB’s huge negative net asset position was restored to zero.