Judge dismisses Akingbola’s application to quash fraud charges

Erastus Akingbola

Mr. Akingbola is being tried for defrauding former Intercontinental Bank.
Justice Adeniyi Onigbanjo of the Lagos High Court, Ikeja, has dismissed an application by Erastus Akingbola to quash the fraud charges against him.
The former Managing Director of the now defunct Intercontinental Bank Plc had urged the court to strike out all the charges against him since a prima facie case could not be established against him.
But in his ruling, Mr. Onigbanjo disagreed.
“There is no doubt that there is a prima facie case against the applicant (Mr. Akingbola),” the judge said.
“The counts against him are unambiguous in accusing him of misappropriation of funds at Intercontinental Bank,” he added.
The trial of Mr. Akingbola, as well as Bayo Dada, his co-accused, would commence as earlier scheduled by the court, according to the judge.
Three days in July – 10, 15, and 18 – had been fixed for trial.