Erastus Akingbola was group managing director of Intercontinental Bank until August 14 2009, when he was deposed by order of the Central Bank of Nigeria. Akingbola had founded the bank 20 years earlier and taken it into the top five of Nigerian banks. The bank was the country’s first to acquire more than $1 billion of capital. Intercontinental has 400,000 shareholders and 12,000 staff.
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