By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: EFCC Files Fresh Fraud Charges Against Erastus Akingbola
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

EFCC Files Fresh Fraud Charges Against Erastus Akingbola

Farouk Mohammed
By Farouk Mohammed
Published: February 24, 2015
Share
3 Min Read
SHARE

akingbola

The Court of Appeal sitting in Lagos has reinstated a N5bn fraud charge struck out by a Federal High Court in Lagos against a former Managing Director of the defunct Intercontinental Bank Plc, Dr. Erastus Akingbola.

According to Punch. The appellate court, which upturned the judgment of the trial judge, Justice Charles Archibong, ordered the Chief Judge of the Federal High Court, Justice Mohammed Auta, to re-assign Akingbola’s case to another judge for re-trial “on merit and for accelerated hearing.”
The Economic and Financial Crimes Commission had, in 2013, dragged Akingbola before Archibong on an allegation of financial impropriety to the tune of N5bn.

However, Archibong on April 2, 2012, struck out the case for want of diligent prosecution.

The judge, while striking out the EFCC’s case against Akingbola, described the prosecuting team as “a drain in the public purse.”

“This prosecution team has chosen to pursue a campaign to scandalise the court, which amounts to a serious and professional incompetence in the prosecution of the accused.

“This prosecution team or any part of it shall not be given further audience in this court in relation to the charges against the accused, either before this presiding judge or any other judge of the Federal High Court, for the reason I have given in the foregoing,” Archibong held.

But displeased with the judge’s decision, the EFCC, through its lawyer, Dr. Khrushchev Ekwueme, headed for the appellate court.

The anti-graft agency, in its four grounds of appeal, contended that Archibong erred in law when he decided to strike out the prosecution’s case without affording it the opportunity to be heard.

The EFCC said that before striking out the case, Archibong failed to invite any of the parties, adding that the decision of the judge to strike out the matter was without the consent of any of the parties.

Besides, the appellant argued that at the time the judge struck out the case, a valid appeal was pending before a higher court, thus making Archibong’s action “a judicial rascality.”

In the particulars of errors raised against the judge, the EFCC also claimed to have asked the judge to hands off the case on September 2, 2011, following its fear of likelihood of bias.

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article Skales Deletes all Tweets Relating to Beef with Wizkid
Next Article PDP Presidential Campaign Organisation To Sue APC Over Buhari’s Health

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow
- Advertisement -
Ad imageAd image
- Advertisement -
- Advertisement -
Ad imageAd image

Recent Posts

Delta Governor: Defection to APC Aimed at Advancing State, Not Weakening PDP
Politics
Tinubu to Attend Pope Leo XIV’s Inauguration in Rome
News
VeryDarkMan
Police Re-arraign VDM Over Cyberbullying Allegations Against Nollywood Actresses, Others
News
JUST IN: House of Reps Advances Bill to Make Voting Mandatory
News Top stories
Panic in Ondo as Two-Month-Old Baby Disappears
News
- Advertisement -
Ad imageAd image

You May Also Like

Brands

Nestlé Empowers Over 300 Youths in Lagos Through MYOWBU Entrepreneurship Workshop

Yusuf Abubakar
Yusuf Abubakar
May 15, 2025
News

EFCC Removes Foreign National Elie Bitar from Wanted List Over CBEX Fraud Allegations

Muhammad A. Aliyu
Muhammad A. Aliyu
May 15, 2025
Sport

Nottingham Forest’s Taiwo Awoniyi Wakes from Induced Coma, Recovering After Emergency Surgery

Muhammad A. Aliyu
Muhammad A. Aliyu
May 15, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?