Alleged N47bn fraud: Akingbola fails to open defence
By Our Reporters
IKEJA—Dr. Erastus Akingbola, former managing director of Intercontinental Bank, acquired by Access Bank, Plc, yesterday, failed to open his defence in the N47.1 billion charge of fraud against him by the Economic and Financial Crimes Commission, EFCC.
An Ikeja High Court, Lagos, had adjourned till yesterday, for Akingbola and his associate, Mr. Bayo Dada, General Manager of Tropics Securities Limited, to open their defence after the prosecution had closed its case.
At the resumed hearing in the case, the defence, in a letter, pleaded with the court to adjourn the matter because they were involved in a civil suit in another court.
The prosecution, Mr. Ayodeji Arowolo, told the court that a letter was received from the lead counsel, Chief Felix Fagboungbe, SAN, asking for a vacation date for commencement of their defence. The court, meanwhile, adjourned the matter till May 28.
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