A Federal High Court in Lagos on Tuesday adjourned until June 13, the money laundering trial of a Managing Director of the defunct Intercontinental Bank Plc., Erastus Akingbola.
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A Federal High Court in Lagos on Friday adjourned until April 18, a ruling in the N179 billion fraud trial of a former Managing Director of the defunct Intercontinental Bank Plc, Dr Erastus Akingbola.
Defence counsel, Chief Wole Olanipekun (SAN), on Thursday continued cross-examination of a prosecution witness, Abdulraheem Jimoh, in the money laundering trial of Erastus Akingbola, a former Managing Director of the defunct Intercontinental Bank Plc.
The Economic and Financial Crimes Commission on Wednesday re-arraigned a former Managing Director of the defunct Intercontinental Bank Plc, Erastus Akingbola, before a Federal High Court in Lagos for alleged Money Laundering charges.
Akingbola is a former Managing Director of the defunct Intercontinental Bank Plc.
Akingbola was charged by the Economic and Financial Crimes Commission alongside Bayo Dada, the General Manager of Probics Securities Limited, before a Lagos High Court in Ikeja
Akingbola’s co-defendant, Bayo Dada, the General Manager of Tropics Securities Limited, also filed a similar application before Justice Lateef Lawal-Akapo
“All the counts listed above have nothing to do with banking transactions and capital market,” Lawal-Akapo said
Justice Lateef Lawal-Akapo fixed the date after hearing arguments from the defence and prosecution lawyers
However, as Akingbola is nurturing the ambition and contacting highly placed and influential public office holders, so also are those opposed to him owing to his past working assiduously to cut short the move
This is the third time Akingbola’s arraignment would be postponed.
Justice Lateef Lawal-Akapo fixed the date on Monday following the court’s registrars’ failure to list the case in the cause list for Monday
Justice Adeniyi Onigbanjo of a Lagos High Court, sitting in Ikeja, refused Akingbola’s application for the quashing of the case based on his argument that the prosecution had not established that he had a case to answer
They were charged to court by the Economic and Financial Crimes Commission for allegedly stealing the money belonging to the bank
Obla, however, urged the court to accelerate the trial as the case has been on going for a long time, more so when judgement was about to be delivered before it was re-assigned to Justice Onigbanjo
He is to be arraigned on Tuesday (today) before Justice Adeniyi Onigbanjo of the Lagos High Court on “fresh charges of stealing”