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Court adjourns Akingbola’s N179b alleged fraud suit to Oct 24

By Joseph Onyekwere
27 September 2019   |   4:12 am
The Federal High Court, Lagos yesterday adjourned further trial of the former Chief Executive Officer (CEO) of the defunct Intercontinental Bank Plc, Dr. Erastus Akingbola, till October 24, 2019.

Erastus Akingbola

The Federal High Court, Lagos yesterday adjourned further trial of the former Chief Executive Officer (CEO) of the defunct Intercontinental Bank Plc, Dr. Erastus Akingbola, till October 24, 2019.

The banker is being tried for alleged N179 billion fraud. The adjournment followed the absence of the trial judge, Justice Mojisola Olatoregun in court.

The Economic and Financial Crimes Commission (EFCC) had on March 12, 2019 re-arraigned Akingbola.

His re-arraignment was consequent upon a further amendment to the charges, which the anti-graft had earlier filed against him in 2009.

Justice Charles Archibong, who first handled the case, had struck out the charges, citing lack of diligent prosecution.

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