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Unfreeze my bank accounts, says Akingbola

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Erastus Akingbola

Erastus Akingbola

Embattled former Managing Director of defunct Intercontinental Bank, Erastus Akingbola has asked a Federal High Court in Lagos, to issue an order unfreezing his bank accounts.

The plaintiff is suing alongside his companies; Tropics Finance and Investments Ltd, Clifton Investment Ltd, Hijinks Ltd, Merry Thoughts Ltd, Bankinson Ltd and Tropics Securities Ltd.

Joined as defendants in the suit are the Economic and Financial Crimes Commission (EFCC) and the Attorney General of the Federation (AGF).

Akingbola averred that the EFCC lacked powers to continue holding onto his assets and money, when they were acquired before the purported allegations of crime.

He is also seeking an order mandating the defendants to render an account and pay him all rents, profits, interests, accruals, proceeds or other income generated from his seized assets since December 31, 2009.

In a counter-affidavit, the defendants prayed the court to dismiss the accused’s application for being an abuse of court process.

According to Akingbola, his companies which assets were frozen were not named in the charge.
Besides, he argues that since the criminal charge had been dismissed since April 2, 2012, every order freezing his assets should be automatically vacated.

He is therefore, praying for a declaration that his assets and money, which pre-dates the alleged commission of a crime, cannot be seized.

The accused is seeking an order of injunction mandating the defendants to release his assets, properties and bank accounts forthwith, as well as those of his companies.

Also as part of his prayer, is an order mandating the defendants to render an account and pay him all rents, profits, interests, accruals, proceeds or other income generated from his seized assets since December 31, 2009.

EFCC averred that following his arraignment in 2009, the EFCC obtained orders to freeze his assets and confiscated some of his properties connected with the alleged crime.


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1 Comment
  • loveontopover

    The judge will vacate it because they are all the same!