AKINGBOLA WANTS EFCC TO GIVE HIM BACK HIS HOME

  The former  Managing Director of Intercontinental Bank Plc, Mr. Erastus Akingbola has taken EFCC to court.He is  asking the court to  allow him to take possession of his

12 Ruxton Road, Ikoyi, Lagos home. Akingbola wants the court to compel the EFCC (Economic and Financial Commission) to leave the house since it was not part of the schedule of property attached before the court.

The  previous judge in Akingbola’s case, Mr. Justice Tijani Abubakar had earlier given an interim forfeiture of the property belonging to the former bank chief.The present trial judge, Justice Achibong of the Federal High Court,Ikoyi, today (Monday November 29) said he is going to  reserve his  ruling pending the determination of the matter on stay of proceedings earlier argued on behalf of Akingbola by his lawyer, Chief Felix Fagbohungbe (SAN)

    Akingbola refused to take his plea when his case came up for hearing today in Lagos. His lawyer, Fagbohungbe (SAN) argued that his client had already filed an application asking the court to quash the charges before him.

    Erastus Akingbola is currently standing trial for gross embezzlement and mismanagement of money in his care as the Vice Chairman / Managing Director of Intercontinental Bank Nigeria Plc to the the tune of over 300 Billion Naira.