• Contact Us
  • About Us
Saturday, May 16, 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

Iran War Looms Over Trump’s China Visit, Shifts Alliances 

Taiwan Arms Sales, Business, Others On Top Agenda As US President Lands In China For Summit 

UN Calls For ‘Independent’ Probes Into Nigeria, Chad Airstrikes

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

Iran War Looms Over Trump’s China Visit, Shifts Alliances 
News

Iran War Looms Over Trump’s China Visit, Shifts Alliances 

May 14, 2026
Taiwan Arms Sales, Business, Others On Top Agenda As US President Lands In China For Summit 
News

Taiwan Arms Sales, Business, Others On Top Agenda As US President Lands In China For Summit 

May 13, 2026
UN Calls For ‘Independent’ Probes Into Nigeria, Chad Airstrikes
News

UN Calls For ‘Independent’ Probes Into Nigeria, Chad Airstrikes

May 13, 2026
NDC Fixes Presidential Form At N60m Ahead Of 2027 Elections
News

NDC Fixes Presidential Form At N60m Ahead Of 2027 Elections

May 13, 2026
Next Post

8 killed in Texas school shooting

Vietnam Ramps Up Crude Import From Nigeria, Others Amid Iran War

Oil Prices Climb More Than 3% On Fears Of New US-Iran Combat 

May 15, 2026
World Bank

World Bank Limits Instagram Comments Over Nigerians Negative Reactions To FG’s Latest Loan Plan

May 15, 2026
Amid Tight Monetary Policy Measures, Nigeria’s Inflation Rises To 21.82% 

Nigeria’s Inflation Rises To 15.69% As Costs Of Food, Transport, Others Increase 

May 15, 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