The Economic and Financial Crimes Commission has amended the charge it preferred against six employees of the Intercontinental Bank Plc and five companies facing trial for alleged misuse of depositors’ funds.
Counsel to the Commission, Olabisi Odiri,in Lagos informed the Justice Muhammed Idris of the Federal High Court that the commission had amended the charge.
Odiri sought the permission of the court to read the amended charge to the accused, but the defence objected, saying it had filed an application to quash it.
Defence counsel,Olatunde Adejuyigbe, argued that the proof of evidence did not link the accused to the crime.
A copy of the amended charge sheet made available to journalists revealed that the only amendment was the removal of a company from the charge.
The Commission removed Regal Investment Ltd from the charge, reducing the number of the firms to four.
The bank employees and companies were arraigned on January 4 on a 12-count charge of fraudulently transferring about N26 billion belonging to the bank.
The employees are, Bayo Dada Director, Akinwunmi Fabunmi Financial Controller and Toyin Odesile Head Domestic Banking.
The others are,Ayoola Ayinde Head Foreign Exchange, Oluwatoyin Oyelade Head Corporate Treasury and Ayodele Thomas General Manager.
The other four companies are, Tropics Securities Ltd, Tropics Properties Ltd, Tropics Finance and Investment Ltd and Bankinson Nigeria Ltd.
The Commission alleged that the companies were linked to a former Managing Director of the bank, Erastus Akingbola, who it declared wanted.
The commission alleged that the accused committed the alleged offence between May 11, 2009 and June 30, 2009.
Idris adjourned the case till August 2 for hearing in the application to quash the charge.
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