Intercontinental Bank: Shareholders sue Sanusi for N10bn
Mallam Lamido Sanusi Shareholders of the defunct Intercontinental Bank Plc have asked an Abuja Federal High Court to order the suspended Governor of the Central Bank of Nigeria, Mr. Lamido Sanusi, to pay them N10bn as damages over what they described as the fraudulent banking and investment practices and breaches involved in the sale of the bank. The plaintiffs, Abdullahi Sani, Adaeze Onwuegbusi and Chijioke Ezeikpe, in the suit filed by their lawyer, Chris Uche SAN, accused Sanusi of conniving with the Managing Director and Deputy Managing Director, Access Bank Plc, Mr. Aigboje Aig-Imokhuede, and Mr. Herbert Wigwe, and Senator Bukola Saraki, to sell the bank in a bid to confer corrupt advantage upon themselves. The CBN and the Securities and Exchange Commission were joined as defendants in the suit, which came up before Justice Ahmed Mohammed on Tuesday. Justice Mohammed granted an ex-parte mo...