Intercontinental not a failed bank at time of take-over, says NDIC
By Editor. A prosecution witness with the Nigeria Deposit Insurance Corporation (NDIC), Mr. Paul Ndubuisi Akani, on Friday, March 20, 2020, told a Federal High Court sitting before Justice Ayokunle Faji that Intercontinental Bank Plc after their forensic examination in 2009 did not fall within the category of failed banks, and that his committee did not in its special investigation report recommend its take-over by the Central Bank of Nigeria. The witness in the ongoing trial of the bank’s…