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The Federal High Court, Lagos yesterday adjourned further trial
of the former Chairman / Chief Executive Officer (CEO) of the
defunct Intercontinental Bank, Dr Erastus Akingbola, till October
24.

The trial of Akingbola, who is currently facing trial for
alleged N179 billion fraud was adjourned till October 24 due to the
absence of the trial judge, Justice Mojisola Olatoregun.

The Economic and Financial Crimes Commission (EFCC) had on March
12, 2019 re-arraigned Akingbola on a N179bn fraud charge.

Akingbola’s re-arraignment before the Federal High Court in
Lagos followed a further amendment to the charges, which the EFCC
had earlier instituted against him in 2009.

Justice Charles Archibong, who first handled the case, had
struck out the charges, citing lack of diligent prosecution.

Displeased with the action of the Archibong, the EFCC went on
appeal, which later overruled Archibong and ordered Akingbola to
return to the Federal High Court to face his trial.

Not pleased with the decision of the appellate court, Akingbola
went to the Supreme Court, which affirmed the decision of the Court
of Appeal.

As a result, the 10-year-old case was reopened before Justice
Mojisola Olatoregun.

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