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Ex-bank boss Akingbola challenges court probe

24 March 2014, 16:23

Lagos - Former  Managing Director of Intercontinental Bank, Dr Erastus Akingbola, has challenged the jurisdiction of a Lagos High Court probing the N47.1 billion theft charge preferred against him by the Economic and Financial Crimes Commission (EFCC).

Akingbola filed the objection before Justice Lateef Lawal-Akapo, through his counsel, Wole Olanipekun, on Monday.

His co-defendant, Bayo Dada, also filed a similar application before the court.

At the resumption of proceedings, Olanipekun informed the court about the applications, adding that they have been served on the EFCC.

According to him, since the matter was starting afresh, it was better for the applications to be taken before any further development.

Among the grounds Olanipekun proffered for challenging the court's jurisdiction is that there was a similar charge involving Akingbola and the EFCC, which is currently pending before the Federal High Court, Lagos.

He also argued that the main witnesses listed in the proof of evidence at the Federal High Court were the same witnesses also listed in the proof of evidence before the court.

According to him, the subject matter of the alleged offences relates to banking operations and operations of capital issues which fell under the jurisdiction of the Federal High Court.

Responding, the EFCC counsel, Emmanuel Ukala, said the applications were premature and should be held in abeyance by the court.

Ukala further argued that they offended sections of the Administration of Criminal Justice Law of Lagos State 2011 which provides for speedy dispensation of criminal matters.

The court opted for hearing of the applications before further development on the matter.

Lawal-Akapo however, directed that the applications should be consolidated before fixing April 2 as date for hearing of arguments.

– CAJ News

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