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ECONOMIC AND FINANCIAL CRIMES COMMISSION v. DR. ERASTUS AKINGBOLA

(2014) JELR 36229 (CA)

Court of Appeal  •  CA/L/462/2011  •  31 Dec 2014  •  Nigeria

Coram
AMINA ADAMU AUGIE JC SAMUEL CHUKWUDUMEBI OSEJI JCA ABIMBOLA OSARUGUE OBASEKI-ADEJUMO JCA

Judgement


AMINA ADAMU AUGIE, J.C.A.: (Delivered the Leading Judgment): This is one of the Appeals filed by the Appellant against the decisions of Archibong, J., in respect of Charges brought against the Respondent at the Federal High Court, after he was removed as the Managing Director of Intercontinental Bank Plc., by Central Bank of Nigeria [CBN], in 2009.

CBN had laid criminal complaints with the Appellant on 14/8/2009, alleging that in his position as Group Chief Executive of the said Bank, he engaged in serious economic and financial crimes, including money laundering, theft, market manipulation, obtaining by false pretences, criminal granting of loans and facilities, insider abuse, insider trading and abuse of office. He was invited by EFCC to answer to the allegations, and was later declared wanted, when he failed to honour their invitation.

On 21/12/2009, the Appellant filed a 28-Count Charge against him, and an Amended Charge on 29/1/2010. Meanwhile, the Respondent was in the United …

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