Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,151,850 members, 7,813,885 topics. Date: Tuesday, 30 April 2024 at 08:42 PM

BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial (23374 Views)

Guinness Posts Over N5bn Loss / Banks Lose N5bn To Fraudsters In Nine Months – NDIC / Witness Reveals How Akingbola Allegedly Bought London Property For £9.7 Million (2) (3) (4)

(1) (2) (3) (Reply) (Go Down)

BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by Helpfromabove1(m): 1:10pm On May 18, 2018
The Supreme Court has ordered a former Managing Director of the defunct Intercontinental Bank Plc, Dr. Erastus Akingbola, to return to the Federal High Court in Lagos to face his trial on N5bn fraud charges.

The trial was prematurely terminated in April 2012 by Justice Charles Archibong, whose decision in the case later earned him a compulsory retirement from the bench.

A five-man panel of the apex court led by Justice Tanko Muhammad unanimously affirmed the February 20, 2015, judgment of the Court of Appeal in Lagos which had overturned the Federal High Court’s decision striking out the charges.

Justice Sidi Bage, who read the lead judgment of the apex court, said Akingbola’s appeal challenging the Court of Appeal’s verdict lacked merit.
He ordered that the case be remitted to the Federal High Court and handled by another judge in the Lagos Division and be given “expeditions trial”.

Justice Archibong (now retired) had in a judgment delivered on April 2, 2012 struck out the 26 counts contained in a charge numbered FHC/L/443C/2013 filed by the Economic and Financial Crimes Commission against Akingbola on the grounds that the prosecution was not diligent in the handling of the case.

The judge had described the EFCC prosecution team as a drain in the public purse and directed the Attorney-General of the Federation to disband the team.

The judge’s decision in the case later earned him a compulsory retirement by the National Judicial Council.
Commenting on the conduct of the judge in the case, a member of the apex court’s panel, Justice Kumai Akaahs, noted in his contribution that Justice Archibong acted like a military dictator.

Justice Akaahs said Archibong “descended into the arena” and displayed his bias.

http://punchng.com/breaking-supreme-court-orders-akingbola-to-face-his-n5bn-trial/

5 Likes

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by adeniyi3971(m): 1:12pm On May 18, 2018
this guy has a hall in my school named after him!! Oya.. I'm sure he donated the money from the 5bn

11 Likes 1 Share

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by MrGreenMavro: 2:02pm On May 18, 2018
cheesy

This guy made banking sweet and Pastor rich that year..he spread the money like beadsheet

30 Likes 1 Share

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by moscobabs(m): 2:03pm On May 18, 2018
The man no dey prison bfre?

The problm of this nation is the judiciary

24 Likes 4 Shares

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by veacea: 2:03pm On May 18, 2018
Na waaa ooooooo
Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by MANNABBQGRILLS: 2:03pm On May 18, 2018
To face his trial himself

U wan face am for am before?!

1 Like 1 Share

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by wildcatter23(m): 2:03pm On May 18, 2018
cry
Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by tolexy007(m): 2:04pm On May 18, 2018
Good news, that man must b jailed
Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by KehnnyCares(m): 2:04pm On May 18, 2018
Nice one. One by one, all the criminals in Nigeria will taste Jail term.

4 Likes

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by wink2015(m): 2:04pm On May 18, 2018
I thought Akingbola has been let off the hook!

So they still call him to answer for his past.

What about Cecilia Ibru? As head of the defunct Oceanic bank she ran aground the bank with customers deposit.

Is she a free woman?

Cecilia Ibru have lost face in the banking business due to her alleged involvement in corruption and is now anchoring her ship in Education.

Talking about the Michael and Cecilia Ibru University in Agbaro Otor in the Ughelli area of Delta state, a university name after her and her late husband, Chief Michael Ibru

5 Likes

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by saydfact(m): 2:04pm On May 18, 2018
na wa ooh - the rich also cry

2 Likes

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by cantok(m): 2:04pm On May 18, 2018

grin The Supreme Court should go and ask the Redeemed Christian Church of God for the Money. Money that the Holy Ghost has seized kiss kiss kiss

21 Likes 2 Shares

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by MANNABBQGRILLS: 2:04pm On May 18, 2018
tolexy007:
Good news, that man must b jailed
After due investigation......

1 Like 1 Share

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by Bustincole(m): 2:05pm On May 18, 2018
grin

15 Likes 3 Shares

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by Nobody: 2:05pm On May 18, 2018
The funniest thing is, this man must have paid tithe to 'God', thinking his 'God' (putting on black suit and tie) will protect him from living the rest of his life in jail!!

Hmmm embarassed

Supreme Court Will Transmit Sense into his head! grin

8 Likes 1 Share

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by meccuno: 2:05pm On May 18, 2018
lolz............give the people things to talk about to keep their minds busy away from the things that matter the most. grin grin grin

3 Likes 1 Share

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by GreenArrow1(m): 2:06pm On May 18, 2018
Hahahahahaha! Kai ooo. Which kain dramatic country be this? No be now now Saraki aide just finish to scam us after IGP burst rap transmission? Now, they don go wake Oga Erastus high b.p.
Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by Kylekent59: 2:06pm On May 18, 2018
Just small breeze that blew, NEPA don run take light. Kaiii.

4 Likes 1 Share

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by Robbin7(m): 2:09pm On May 18, 2018
Okay!!! The problem of this country is the judiciary, the legislature and the executives. Therefore, the Nigerian problem is not solvable.
cry cry cry cry
Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by Keegan: 2:09pm On May 18, 2018
Good development, justice must be served.

1 Like

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by Mcanie: 2:09pm On May 18, 2018
And halls and the rest have all been built in his name. Well all those people that have done anything no matter how long there is always a day of reckoning.
Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by slineik(m): 2:10pm On May 18, 2018
Don't be in a rush to condemn this man.

4 Likes

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by IamPatriotic(m): 2:10pm On May 18, 2018
Pastor Adeboye will still "intervene" Akingbola was a Pastor in Redeem Church and a very good donor to "the word of God"

6 Likes 1 Share

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by Daniel058(m): 2:11pm On May 18, 2018
Transmission things
grin

1 Like

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by 1miccza: 2:11pm On May 18, 2018
meccuno:
lolz............give the people things to talk about to keep their minds busy away from the things that matter the most. grin grin grin

If you know, you know

1 Like

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by Diso60090(m): 2:12pm On May 18, 2018
adeniyi3971:
this guy has a hall in my school named after him!! Oya.. I'm sure he donated the money from the 5bn



Which school lets Google it and find out your riri
Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by wonlasewonimi: 2:12pm On May 18, 2018
He took all the money to RCCG. Daddy GO prayed for the case to be thrown out. Now, the prayer has lapsed!

6 Likes

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by martineverest(m): 2:13pm On May 18, 2018
I wonder why RCCG keeps inviting this criminal as guest speaker

1 Like

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by Ussy4real(m): 2:13pm On May 18, 2018
We are gradually getting there.. Every corrupt person should face trial.. Nigeria really needs to be sanitized

2 Likes

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by kolnel: 2:14pm On May 18, 2018
He will run to redeemed church again
This time he will be hiding under the pulpit

2 Likes 1 Share

Re: BREAKING: Supreme Court Orders Akingbola To Face His N5bn Trial by IamPatriotic(m): 2:15pm On May 18, 2018
Helpfromabove1:

The Supreme Court has ordered a former Managing Director of the defunct Intercontinental Bank Plc, Dr. Erastus Akingbola, to return to the Federal High Court in Lagos to face his trial on N5bn fraud charges.

The trial was prematurely terminated in April 2012 by Justice Charles Archibong, whose decision in the case later earned him a compulsory retirement from the bench.

A five-man panel of the apex court led by Justice Tanko Muhammad unanimously affirmed the February 20, 2015, judgment of the Court of Appeal in Lagos which had overturned the Federal High Court’s decision striking out the charges.

Justice Sidi Bage, who read the lead judgment of the apex court, said Akingbola’s appeal challenging the Court of Appeal’s verdict lacked merit.
He ordered that the case be remitted to the Federal High Court and handled by another judge in the Lagos Division and be given “expeditions trial”.

Justice Archibong (now retired) had in a judgment delivered on April 2, 2012 struck out the 26 counts contained in a charge numbered FHC/L/443C/2013 filed by the Economic and Financial Crimes Commission against Akingbola on the grounds that the prosecution was not diligent in the handling of the case.

The judge had described the EFCC prosecution team as a drain in the public purse and directed the Attorney-General of the Federation to disband the team.

The judge’s decision in the case later earned him a compulsory retirement by the National Judicial Council.
Commenting on the conduct of the judge in the case, a member of the apex court’s panel, Justice Kumai Akaahs, noted in his contribution that Justice Archibong acted like a military dictator.

Justice Akaahs said Archibong “descended into the arena” and displayed his bias.

http://punchng.com/breaking-supreme-court-orders-akingbola-to-face-his-n5bn-trial/

The trial was prematurely terminated in April 2012 by Justice Charles Archibong, whose decision in the case later earned him a compulsory retirement from the bench.

3 Likes

(1) (2) (3) (Reply)

Cost Of Billboard Advertising In Nigeria (Abuja)? / Naira Swap Difficulties: Fairmoney Upgrades Mobile Banking App / Bolaji Oluwadunsin: Nairalander Wins 2019 Tony Elumelu Foundation Grant Of $5000

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 25
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.