• Contact Us
  • About Us
Wednesday, August 5, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home News

N5bn fraud: Akingbola has case to answer – Supreme Court

metro by metro
May 18, 2018
in News
0
0
SHARES
0
VIEWS
Erastus Akingbola
Erastus Akingbola

The Supreme Court on Friday ordered, Erastus Akingbola, to return to the Federal High Court, Lagos, to answer his alleged five billion Naira fraud charge.

Akingbola is a former Managing Director of the defunct Intercontinental Bank Plc.

Read Also

US Says Some Older Ford Cars, SUVs Pose Unreasonable Safety Risks

Tinubu Leaves Primary, Secondary Qualification Fields Blank In 2027 INEC Nomination Form

Daily Times @100 Heroes Awards: Organising Council Announces Winners Across 29 Categories

Justice Tanko Muhammad, leading a five-man panel, affirmed the Feb. 20, 2015 judgment of the Court of Appeal in Lagos which overturned the Federal High Court’s decision striking out the charges against Akingbola.

Justice Sidi Bage, who read the lead judgment of the apex court, held that Akingbola’s appeal challenging the Court of Appeal’s judgment lacked merit.

He ordered that the case file be remitted to the Federal High Court, Lagos, for expeditious trial and to be handled by another judge.

Justice Kumai Akaahs, a member of the panel, in addition to agreeing with the lead judgment, said that he was worried by the stand of the trial judge in the matter.

Akaahs said that Justice Archibong acted like a military dictator when he descended into the arena and chided the prosecution for their inability to prosecute and therefore removed his toga of impartiality.

“He constituted himself into a military dictator and this is regarded as judicial tyranny and a case of bias was established against the judge.”

According to Akaahs, while we have immunity, we do not have absolute powers to do and undo.

It will be recalled that Akingbola ‘s trial was prematurely terminated in April 2012 by Justice Charles Archibong, whose decision in the case later culminated in his compulsory retirement from the bench.

Archibong, in a judgment he delivered on April 2, 2012, struck out the 26 counts contained in a charge filed by the Economic and Financial Crimes Commission (EFCC), against Akingbola.

He said this was on the grounds that the prosecution was not diligent in handling the case.

The judge described the EFCC prosecution team as a drain in the public purse and directed the Attorney-General of the Federation to disband the team.

Tags: Erastus Akingbola
Previous Post

AMCON takes over Sen. Oduah’s assets

Next Post

8 killed in Texas school shooting

Related Posts

US Says Some Older Ford Cars, SUVs Pose Unreasonable Safety Risks
News

US Says Some Older Ford Cars, SUVs Pose Unreasonable Safety Risks

August 3, 2026
Tinubu’s Government Orders Sale Of IBEDC, 4 Other Discos Within 90 Days
News

Tinubu Leaves Primary, Secondary Qualification Fields Blank In 2027 INEC Nomination Form

August 1, 2026
Daily Times @100 Heroes Awards: Organising Council Announces Winners Across 29 Categories
News

Daily Times @100 Heroes Awards: Organising Council Announces Winners Across 29 Categories

August 1, 2026
Ghana May Lose $3.8Bn World Bank Funding Over Anti-LGBTQ+ Bill
News

Ghana’s Government Backs Five-year Presidential Term, Lowers Minimum Age To 35

July 30, 2026
Next Post

8 killed in Texas school shooting

US Says Some Older Ford Cars, SUVs Pose Unreasonable Safety Risks

US Says Some Older Ford Cars, SUVs Pose Unreasonable Safety Risks

August 3, 2026
Anger As Fuel Consumption Drops From 64.9m To N52m Daily After Subsidy Removal

NNPC Issues Another Tender To Sell Cawthorne Crude

August 3, 2026
Oil Prices Up After OPEC+ Maintains output Cuts, But Shaky Demand Caps Gains

Petrol Prices May Fall  In Nigeria As Trump Eases Iran Tensions

August 3, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version