told Justice Mojisola Olatoregun of the Federal High Court sitting in Ikoyi, how the defendant allegedly diverted funds from the bank and bought some properties in London for the total sums of £9.7m.
“The letter was addressed to the Group Managing Director, Dr. Erastus Akingbola and was attentioned to Mr. Olayinka Adebiyi, requesting the payment of N10billion, N1.2billion and N4.3billion to Tropics Securities Limited and other companies. In his further evidence, he said during investigation, he discovered, “That the defendant acquired properties in London with the sums of £8.5m and £1.2m allegedly diverted from the bank.“Monies were transferred to Soo-Kok Holdings Limited; Tofa General Enterprises; Cinca Nigeria Limited; Harmony Trust and Investment Limited; Stanzus Investment Limited.”
Further, Olanipekun told the court that the witness was misleading the court, adding that “The witness is not a witness of truth and, therefore, should not be believed by the court of his testimony.”
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