Former Bank Chief To Face Trial Over N5bn Fraud
A Former Managing Director of the defunct Intercontinental Bank Plc, Dr. Erastus Akingbola, have been recalled by the Supreme Court for his trial.
NIGERIA NEWS gathered that Agboola was ordered by the Supreme Court to face trial over N5bn Fraud at the Federal High Court Lagos.
Recall that, “the trial was prematurely terminated in April 2012 by Justice Charles Archibong, whose decision in the case later earned him a compulsory retirement from the bench.“
Following the sitting of a five-man panel, led by Justice Tanko Muhammad, Justice Sidi Bage while reading the proceedings of the panel “ordered that the case be remitted to the Federal High Court and handled by another judge in the Lagos Division and be given “expeditions trial”.”
Also recall that, on April 2, 2012, Justice Archibong (now retired) “struck out the 26 counts contained in a charge numbered FHC/L/443C/2013 filed by the Economic and Financial Crimes Commission against Akingbola on the grounds that the prosecution was not diligent in the handling of the case.”
Reports reveal that “The judge had described the EFCC prosecution team as a drain in the public purse and directed the Attorney-General of the Federation to disband the team.”
“The judge’s decision in the case later earned him a compulsory retirement by the National Judicial Council.”
Members of the panel, therefore, said the judge was a dictator and bias.
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