Lagos - The Court of Appeal has reinstated a N5bn fraud charge struck out by a Federal High Court in Lagos against a former Managing Director of the defunct Intercontinental Bank Plc, Dr. Erastus Akingbola, Punch reports.
The appellate court, which upturned the judgment of the trial judge, Justice Charles Archibong, ordered the Chief Judge of the Federal High Court, Justice Mohammed Auta, to re-assign Akingbola’s case to another judge for re-trial “on merit and for accelerated hearing.”
Also read: Akingbola Vs EFCC: Court fixes date
The Economic and Financial Crimes Commission had, in 2013, dragged Akingbola before Archibong on an allegation of financial impropriety to the tune of N5bn.
However, Archibong on April 2, 2012, struck out the case for want of diligent prosecution.
The judge described the prosecuting team as “a drain in the public purse.”
Read more at Punch
- News 24