Police Nab Former MD Of InterContinental Bank Over Bank Loan Fraud Relating To Senator Bukola Saraki

Lai Alabi
By SaharaReporters, New York

The Special anti-fraud unit of the Nigerian police in Lagos today arrested the former managing director of of InterContinental Bank, Mahmoud Lai Alabi for fraud relating to a questionable loan write off.

Mr. Alabi was arrested based on a petition submitted to the unit by the brother of a whistleblower who was allegedly assassinated by hired killers for revealing shady dealings involving the once powerful governor of Kwara state, Dr. Bukola Saraki.

 More details shortly...

 

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Even if senator Saraki

Even if senator Saraki performed excellently as a governor of Kwara State. Should he be indicted he must be prosecuted like any other person. I dont know when performance is a shield from prosecution against corruption.

I'm sure SR is very aware,

I'm sure SR is very aware, with the number of evidences here, that they've been unfair to Akingbola and Atuche on this issue! How do you name the man that was so evidently robbed of his hard built company, as 'rogue'? Can Sanusi or the Industries' Minister confiscate Dangotes Cement industries from Aliko Dangote for supplying on credit? Or is Dangote not listed? When the wrath of God will come, we'll all share for supporting blatant injustice.

I'm sure SR is very aware,

I'm sure SR is very aware, with the number of evidences here, that they've been unfair to Akingbola and Atuche on this issue! How do you name the man that was so evidently robbed of his hard built company, as 'rogue'? Can Sanusi or the Industries' Minister confiscate Dangotes Cement industries from Aliko Dangote for supplying on credit? Or is Dangote not listed? When the wrath of God will come, we'll all share for supporting blatant injustice.

PREMATURE EJACULATION

Suffering from PREMATURE EJACULATION??? Then you have got to visit http://www.stopeja.wapka.mobi

Saraki should not be dragged

Saraki should not be dragged into this mess by conspirators. It is absurd for anyone to say the two time governor has done nothing I Ilorin. Come see for yourself!

WHY SHOULD OTHER DEBTORS BE

WHY SHOULD OTHER DEBTORS BE MADE TO PAY THEIR DELEQUENT LOANS IF BUKOLA, ALIKO AND FEMI'S DELIQUENT LOANS WERE WRITTEN OF BY LAI ALABI?

BY CANDID ADVICE TO ANYONE OWING ANY BANK WHICH RELATE TO THE 2008/2009 MARGIN AND OIL LOANS SHOULD USE THOSE WRITE OFFS TO ARGUE IN THE BANK IF THE BANKS OR AMCON HARASSES THEM/

WHAT WILL THE YOUNG MAN GAIN FROM WRITTING PETITION TO THE POLICE? DID HE NOT GROW UP IN THIS COUNTRY? AND DO LAI MOHAMMED AND BUKOLA NOT HAVE FAMILY MEMBERS, DOES HE NOT KNOW WHAT IS GANG WARS IS? HE MUST GROW UP! GO UNDERGROUND AND YOU WILL GET VOLUNTEERS TO HELP YOU AVENGE THE DEATH OF YOUR BROTHER.

Bukola Saraki is a man of high reputation

Bukola saraki was a 2 term governor of kwara state and he managed the affair of the state very well...pls dnt bring him to dis at all cos dis issue has been trashed out already....kwarans love Bukola Saraki

With benefit of 'some

With benefit of 'some informations', Matheuw could not and cannot be the owner of Joy Petroleum. For the better part of his life, he is been acting as a front. He certainly doe not have the means to borrow such kind of money. He is been known to move cash and run errends, just like those Ibori accomplices. If the investigation is through, with no cover up, surely the truth will be revealled OR do I say 'more people will die'. If we are alive, we will see how it goes. Every body that knows that guy, knows what was the nature of his work while alive.

Bukola Saraki cant be part in dis kind of shit

i am very sure Bukola Saraki cant be part of dis trash,its senseless trying to bring him in dis issue,dis issue has been talked about years bak...this is total blackmail...

Who are the Kwaran that are

Who are the Kwaran that are standing behind a person that has turned the state to a business venture and found it to continuosly milk the resourses of the state. Those who know Mattheuw, knows he could have been the owner of the coy. It is on record that he had been the conduit pipe all the years and had been fronting. Investigation relating to 15years will reveal a lot

The issues relating to loans

The issues relating to loans with Intercontinental bank which has been thoroughly investigated and thrashed out by all appropriate authorities years back after all manner of investigations. Why bring Saraki's name into this again???

The people of Kwara stand

The people of Kwara stand solidly behind our distinguished Senator Saraki as he is potentially, again, faced with scrupulous and susceptible allegations concerning the failed Intercontinental Bank. We know and are sure your innocence and good deeds will make a way for you out of this, as it has always does. May Almighty Allah be your light and guide your path.

It is inevitable that the

It is inevitable that the fall of a giant tree will surely affect the life of some other trees within the vicinity, and maybe, some other giant tree in its way. While the going down of Intercontinental Bank seems expected, it is not expected that Saraki will be 'seemingly' or 'accusingly' involved in its failure. Saraki has come out to refute this claim about his involvement in this case but like oliver twist, this is one case that seems not yielding to pressure of Saraki's innocence. As a distant observer, I'll like to believe justice will take its course sooner or later. Saraki on the other hand, needs to come out more open, especially as some us are of the opinion that he is 'probably'
truly innocent of these allegations, while himself must have learnt a lesson or two from the whiffs of this unending case.

Some questions continue to

Some questions continue to beat my imagination. Was Saraki a Board Member of this Bank? And, from SR reportage above, you already suggests Senator Saraki has something to do with the killing of the whistle blower ... quoting you "who was allegedly assassinated by hired killers for revealing shady dealings involving the once powerful governor of Kwara state, Dr. Bukola Saraki" ...

On what proof, and or basis is the SR implying the death of the whistle blower was connected to Governor Saraki?

This is a totally biased reporting, which could be detriment to the image of SR and Journalism at large.

It is sad that many people in

It is sad that many people in this part of the world are more than often, usually quick to judgement without thoroughly reviewing the issues. Going after the messenger, rather than the message makes a mockery of the reciever. This issue has been floated a good number of times, but the lack of objective reason prevents many condemning Saraki from seeing the other side of the coin. Alas, he looks like the ready culprit, for atrocities he was not found guilty of. As for me, I prefer to have Sahara feeds us with more details before rushing to judgement. Until then, arms akimbo!

re: persecution of erastus akingbola

every can now see the covers up by central bank gov mr. lamido sanusi and i knows that nemesis will soon catch up with him! when mr erastus akingbola the former md of ib was shouting to the high heaven people thought that the is only fighting for his soul but the truth is coming out gradually and lai alabi's mission are being exposed. it is better to pick up bukola saraki to explain his own side of the story sice he taught he his clever rogue although, am not holding forth for mr erastus akingbola but the truth must be said. let right thing be done at the right time. nothing more nothing less.

Me too Dey Laffffff oooooo

I dey lafffff oooo, today Sanusi is accused of fraud for building gigantic building in Kano dt does not measure with his income, tomorrw Lai Alabi is arrested for fraudulent loan write. Who will prosecute d case, these are cabal in fin ind and politics. The take over of bank, appointment of Lai and eventual sale of d bank to a loan defaulter, which one of these followed due process and who talked? Me just can't stop laughing.

We need some 'Iborification'

Looking at this story and all the emerging sordid details of shady deals in Nigerian banks, it looks like some 'Iborification' is in order. Pls send these crooks over to the UK to face the same kind of justice that James Ibori is currently enjoying.

The two SARAKIS should be JAILED

Both the father and the son should be in jail for banking fraud since.We all know the father shady dealing for quiet a while but this is Nigeria where politics cover everything,the father was once the senator,his son two time Governor and now senator, will they be arrested and jail?I do not think so.They are two neck-deep in Nigerian politics for that.

what goes around come around!

It seem you like religious crises, my massege to you is simple: By God grace you shall be consume by religious crises. Whoever loves Nigeria should answer Amin.

Joy petroleum??going tru d ac

Joy petroleum??going tru d ac of joy petroleum when I was asked to come face a disciplinary commitee on d bad loan way bank;its alarming!booking and just collapsing loans almost immediately just like kids building a lego house.we under didn't knw anything,but I am sure a lot happened seeing d txns in dat account.all fraudsters should be exposed and brought to d book

What girls want these days

What girls want these days

PLUS:

1. Ex-militants to be reintegrated with N45b
President Goodluck Jonathan proposes injecting more money into the amnesty programme
2. Jonathan on 3-day visit to Germany
3. I went on exile after leaving office -Farida Waziri

...this just the begining

This just the beginning, IBPLC will surely come back to live. Akingbola is a true man of God and things are turning around for his good.
I can't wait to see the reversal of the marriage of incompatibility between Access and IBPLC.

HAPpY CuStomeR, HAppy bank

Chineke GOD

Why all dis robbing Peter to pay Paul???
One law for the poor another for the rich
I tire ooo .. All news and information emanating from naija is always about corruption involving mega sums .. why o why

www.gamugaza.blogspot.co.uk

UNFORTUNATELY....

Jonathan is not SERIOUS about anything; He is CORRUPTION personified smiling, grinning and laughing like a 'Dindinrin' (a Nonentity). All he wants to be is Nigeria's President. Here is a man who cannot control is 'gbatu eyo(iyawo alariwo') wife. What a president? What a situation? MONKEYS all..

Can these questions and

Can these questions and observation be noted for prosperity.
- What is the outcome of the all the harrasement and arrest of Intercontinental Board members by EFCC when the bank was presumed dead. It seems all is calm now. Guess they were blackmailed to give up the bank for next to nothing to prevent prosecution. How convenient.
- Where is the corporate governance , when the bank was sold to debtors of the bank after a very questionable part debt write off. Loan taken to float the acquiring bank which could easily have been redeemed by the principal debtors by dis investing from the bank to the tune of their indebtedness. Hell no , they wanted to eat their cake and have it and off course the did. " no be Nigeria " .
- Can Aig and Herbert agree to a Forensic audit to determine the forgery and fraud in the presumed perfection of all signed proxy forms authorizing the sale of the bank to Aig and his cohort. The D - day is lurking , believe me.
We want answers .

School fees

Ade,
How much are your school fees?
I will think I can pay it also.
Olumide.

God wl judge

It is getting to a point when God wl judge d evil doers in d once flourishing banking industry. Sanusi, Saraki, Lai and all of them wl confess d mission accomplished in IB. AIG'name was published by CBN as a debtor of IB, SARAKI also. Lai was d chairman of Songai farms - also published. How then these debtors took over d bank even Sanusi knows. Is this how to treat a former colleague? Lets wait and see. God's judgement must come although might delay. The cry of d retrenched bankers & their dependants wl definitely bring justice.

Idiots for saraki

Some assholes are defending saraki,maybe they are too young to know how societe generale bank went under. Saraki should be in jail longtime ago.But,what goes around comes around,nemesis will soon catch up with those usuman danfodio concubine descendants,thou I learnt the saraki's came from Mali,to be putting Kwarans under their assess.Only in Nigeria.

You ignorant bigot. U Just

You ignorant bigot. U Just open ur mouth with no facts or idea about how the financial world works and make a comment. Yet you turn it into a religious thing. People like you are the ones who instigate unrest thru lies and conspiracies, and hinder the progress of a people. I hope u see d light or bloody roast in hell.

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