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abujagirl
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Justice Lawal Akapo of the #Lagos High Court, #Ikeja on Friday, May 2nd, 2014 told a former managing director of defunct Intercontinental Bank, now #AccessBank, Mr. #ErastusAkingbola and his associate, Mr Bayo Dada, that they have a case to answer and dismissed two separate applications filed by the defendants, seeking to quash the N47.1 billion theft charge preferred against them by the #EconomicandFinancialCrimeCommission, #EFCC, for lack of merit.
In his ruling, Justice Akapo said the duo were charged with stealing, obtaining money by false pretences and receiving stolen property ,which clearly distinguished their case from that of Okey Nwosu, which they alluded to in their defence. The charge against Nwosu, according to the judge, had its roots in capital market transactions.
He noted that the failure of the defendants to produce the charge preferred against Akingbola at the Federal High Court robbed the court of the opportunity of comparing both charges to determine if the new charge was an abuse of court process. Besides, the judge pointed out that the Lagos State High Court had jurisdiction to try offences charged under the Advance Fee Fraud and Other Fraud Related Offences Act.
Click source for more details: #SaharaReporters
In his ruling, Justice Akapo said the duo were charged with stealing, obtaining money by false pretences and receiving stolen property ,which clearly distinguished their case from that of Okey Nwosu, which they alluded to in their defence. The charge against Nwosu, according to the judge, had its roots in capital market transactions.
He noted that the failure of the defendants to produce the charge preferred against Akingbola at the Federal High Court robbed the court of the opportunity of comparing both charges to determine if the new charge was an abuse of court process. Besides, the judge pointed out that the Lagos State High Court had jurisdiction to try offences charged under the Advance Fee Fraud and Other Fraud Related Offences Act.
Click source for more details: #SaharaReporters