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N47 billion theft: Court says Akingbola has case to answer

A Lagos high court sitting in Ikeja has thrown out the no case submission filed before it by the former Managing Director of Intercontinental Bank … Continue reading N47 billion theft: Court says Akingbola has case to answer


A Lagos high court sitting in Ikeja has thrown out the no case submission filed before it by the former Managing Director of Intercontinental Bank (Now Access Bank), Erastus Akingbola, and his aide, Bayo Dada, over the N47.1 billion theft charge brought against them by the Economic and Financial Crimes Commission (EFCC).

In his ruling, presiding judge Justice Habeeb Abiru, held that there was a connection between the evidence of the prosecution and the charges preferred against the defendants.

“At this stage, it is not for the court to look at the credibility of the evidence, but to see whether a prima facie case has been established against the defendants,” he said.

Counsel to Mr Akingbola, Deji Sasegbon had informed the court at its last sitting that though they were just served the prosecution, he had a-no-case application before the court; and therefore subject to the court’s convenience, he was ready to move same.