EFCC arraigns Akingbola, others on fresh charges
The Economic and Financial Crimes Commission , will on Tuesday arraign former Managing Director of Intercontinental Bank Plc., Erastus Akingbola before an Ikeja High Court in Lagos.
Other bank executives to be arraigned alongside Akingbola include Okey Nwosu of Finbank and Sebastine Adigwe of Afribank.
The ex-bank chief executives are facing alleged fresh 29-count charge bordering on theft brought against them by the anti-graft commission.
Akingbola will be arraigned before Justice Habeeb Abiru while the arraignment of Nwosu has been fixed for May 16 before Justice Lateefat Okunnu.
The EFCC had told the court that the date was too far away and had filed a motion before Okunnu praying for abridgment of time.
A court official confirmed that the motion for abridgment would be heard on Tuesday by the judge.
However, it is still unclear which judge would preside over Adigwe’s arraignment.
The commission had last Friday filed the fresh charges against Akingbola, his wife, Anthonia and one Dayo Dada before the court, alleging that they stole over N50 billion belonging to the bank.
While Akingbola’s wife, now at large, was a shareholder and Director of Tropics Securities Ltd., Dada was a General Manager with the firm.
The three accused persons, according to the EFCC, allegedly committed all the offences between March and May 2009 and would be arraigned for stealing, receiving stolen property and obtaining under false pretence.
In some of the counts, Akingbola was alleged to have converted over N50 billion belonging to Intercontinental Bank to personal use under false pretence.
Anthonia and Dada were alleged to have defrauded the bank by obtaining over 10 billion from it under the false pretence that it was indebted to their company.
The EFCC said the alleged offences contravene Sections 390(7) and 427 of the Criminal Code Law Cap C. 17, Laws of Lagos State 2003 and Section 1 (1)(a) of the Advance Fee Fraud and other related Offences Act 2006.
The Economic and Financial Crimes Commission , will on Tuesday arraign former Managing Director of Intercontinental Bank Plc., Erastus Akingbola before an Ikeja High Court in Lagos.
Other bank executives to be arraigned alongside Akingbola include Okey Nwosu of Finbank and Sebastine Adigwe of Afribank.
The ex-bank chief executives are facing alleged fresh 29-count charge bordering on theft brought against them by the anti-graft commission.
Akingbola will be arraigned before Justice Habeeb Abiru while the arraignment of Nwosu has been fixed for May 16 before Justice Lateefat Okunnu.
The EFCC had told the court that the date was too far away and had filed a motion before Okunnu praying for abridgment of time.
A court official confirmed that the motion for abridgment would be heard on Tuesday by the judge.
However, it is still unclear which judge would preside over Adigwe’s arraignment.
The commission had last Friday filed the fresh charges against Akingbola, his wife, Anthonia and one Dayo Dada before the court, alleging that they stole over N50 billion belonging to the bank.
While Akingbola’s wife, now at large, was a shareholder and Director of Tropics Securities Ltd., Dada was a General Manager with the firm.
The three accused persons, according to the EFCC, allegedly committed all the offences between March and May 2009 and would be arraigned for stealing, receiving stolen property and obtaining under false pretence.
In some of the counts, Akingbola was alleged to have converted over N50 billion belonging to Intercontinental Bank to personal use under false pretence.
Anthonia and Dada were alleged to have defrauded the bank by obtaining over 10 billion from it under the false pretence that it was indebted to their company.
The EFCC said the alleged offences contravene Sections 390(7) and 427 of the Criminal Code Law Cap C. 17, Laws of Lagos State 2003 and Section 1 (1)(a) of the Advance Fee Fraud and other related Offences Act 2006.
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