By Dipo Olowookere
Former Managing Director of the defunct Intercontinental Bank Plc, Mr Erastus Akingbola, has been directed to face trial for the alleged N5 billion fraud charges filed against him.
The order was given on Friday by the five-man panel of the Supreme Court led by Justice Tanko Muhammad.
Justice Sidi Bage, who read the lead judgment, held that Mr Akingbola’s appeal challenging the Court of Appeal’s verdict of February 2015 lacked merit, directing that the matter be taken back to the Federal High Court in Lagos and assigned to another judge, who must expedite the trial.
The Court of Appeal had in February 2015 overturned the Federal High Court’s decision to strike out the charges against the former bank chief.
In April 2012, Justice Charles Archibong of the Federal High Court had struck out the 26-count charge against Mr Akingbola, saying the Economic and Financial Crimes Commission (EFCC) was not diligent in the handling of the case.
As a result of this ruling, National Judicial Council (NJC) sent Justice Archibong on compulsory retirement.
more recommended stories
How to Obtain SCUML Registration from EFCC With Ease
By Modupe Gbadeyanka For those who.
Acting IGP Orders CPs to Take Control of SARS
By Modupe Gbadeyanka Commissioners of Police.
Social, Economic Activities under Power Lines Dangerous—Ikeja Electric
In a renewed commitment to its.
Facebook Tightens Guidelines for Political Ads
By Dipo Olowookere The use of.