The Former Managing Director of Intercontinental Bank Plc (now Access Bank), Erastus Akingbola on Thursday asked a Federal High Court sitting in Lagos to restrain the Chairman of the Economic and Financial Crimes Commission (EFCC) and its agent, one E.L Etudo from collecting rents from his properties seized by the anti-graft agency in December 2009
The EFCC had in December seized some buildings belonging to the former bank Chief Executive officer following allegations of financial impropriety leveled against him.
In an Originating summons brought pursuant to Order 3 Rules 6 and 7 of the Federal high Court Civil Procedures Rules 2009, Mr Akingbola also wants the court to declare that by virtue of its order made in December 2009 between the Chairman of the EFCC and himself, the properties referred to in the order are not forfeited to the Federal government.
In the suit, which had Mr Etudo as a co-respondent, Mr Akingbola also asked the court to declare that the EFCC lacks the power and right to appoint an agent to manage the properties referred to in the said order as properties forfeited to the federal Government.
However, the EFCC in its counter affidavit asked the court to reject the Mr Akingbola’s application on the grounds that it lacks merit, is frivolous, vexatious and meant to distract the court.
The agency said that Mr Etudo was appointed to manage the attached property in escrow account pending the determination of the criminal trial of the former bank boss.
EFCC also said that though Mr Akingbola was restrained from dealing with the property known as Amazing Grace Plaza, he had through a company known as Amazing Inspiration Media Limited collected the sum of ten Million, Eight Hundred and sixty Thousand naira (N10, 860,000) as 2 years rent from Samsung Nigeria Limited, one of the tenants of the attached property at the Amazing Grace Plaza.
Hearing on the applications was adjourned till 13 April by Justice Binta Nyako who also directed that the applications and counter applications should be proper served to the parties in the suit.