Court Upholds Freeze Order On 'Rogue Banker' Erastus Akingbola Assets -ChannelTV

Erastus Akingbola
Channelstv

The Court of Appeal, Lagos Division on Monday dismissed two separate appeals filed by the former chief executive officer of Intercontinental Bank (now acquired by Access Bank), Erastus Akingbola challenging the ruling of a Federal High Court which refused his application to discharge an order to freeze his assets.

The Court of Appeal also in another judgment dismissed Mr Akingbola’s application to stop his ongoing criminal trial, before Justice Hakeem Abiru of a Lagos High Court, Ikeja which was brought against him and his associate, Bayo Dada by the Economic and Financial Crime Commission (EFCC).

The appellate court in its judgment, delivered by Justice Kumai Akaahs, dismissed the appeal in its entirety on the ground that it lacked merit.

The judgment which was unanimously adopted by Justice Ibrahim Saulawa and Justice Pemu further held that Mr Akingbola failed to show that the lower court acted under a misconception of the law.

The court also discountenanced the argument of the appellant that the charges were not brought under the Criminal Procedure Rules or that there was no pending charge before the court at the time of granting the order that froze the assets.

Justice Akaahs held that where there was reasonable suspicion as to the commission of an offence, the law enforcement agents have a duty to seize the subject matter of the offence pending the conclusion of investigation and trial of same.

He therefore held that the lower court acted judicially and judiciously in granting the interim order.

Mr Akingbola is standing trial alongside one of his associates, Mr Dada, over alleged stealing of N47.1 billion brought against them by the EFCC.

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Call a spade a spade call a

Call a spade a spade call a thief a thief. Erastus is a Thief and so many people lost funds to these rouge bankers. I hope he gets some jail time...I hope they all do doesnt really matter if he's from the south north east or west...when they steal they steal from the Northerners, southerners, easterners and westerners alike.

Erastmus Akingbola

Many people forget that this man is a Pastor, and that he used to adorn the front seat at the monthly congress of a Church at KM 46 Lagos Ibadan express way. He has missed out of the front seat, but what of the back seat? This world is wicked, why has the church tuned its back on Akingbola in his trying times?

Erastmus Akingbola

Many people forget that this man is a Pastor, and that he used to adorn the front seat at the monthly congress of a Church at KM 46 Lagos Ibadan express way. He has missed out of the front seat, but what of the back seat? This world is wicked, why has the church tuned its back on Akingbola in his trying times?

ROGUE BANKER? SAHARA REPORTER IS THIS JOURNALISM

Soon, a smart Lawyer or one of the people SR have been condeming before the Law condems will cash in on the Low manerism of journalism of SR.Its not new that SR is miles away from objectivity when reporting.

Reasonable comment

I think your comment stands out because people should see that Sahara reporters are not being fair in the way they report news about Akingbola....in the other report they also tried to rope Jonathan and 2015 elections into it.

We have to becareful with how we report new whether online or newspaper, I encourage reporters to use their brain, dont write things just to damage people's names or destroy a country.

Once again : thanks for the comment

WHAT'S THE WORLD COMING TO ?

A banker steals money entrusted to him/her for safekeeping in a bank....Our legislators acceping bribes in Ghana must go bags....Our legislators voting to increase their allowance by millions more....A government appointee blowing N92,000 for lunch..... A so called man of God using the money donated to him for spreading the gospel by buying 4 private jets !!!....A police commisioner of a state ignoring court order after losing a case of land stealing....The first section of any establishment to catch fire is the accounts department or any place sensitive documents are stored.... IS 9JA A FAILED STATE ??? you dont have to answer the last one......

Your comment is very

Your comment is very unfortunate, this is a major challenge facing our dear country were myopic inclinations prevents us from calling a spade a spade. These unpatriotic and wicked elite should be given life sentences for their crime against humanity. Efcc does not target southern's,but helping us to root out the robbers in our mist. Will you accused the Met Police of targeting south-south Governors.

akingbola the rogue

i think he should be repatriated back to London where justice would be quickly served on him

Akingbola the rogue

Somebody needs to advise this man to enter a plea bargain and stop fooling around. Or is it better for us to take him back to London so that he can plead guilty like Ibori?

Erastus Akingbola: The face of corporate corruption

Good and sound judgment by the Court of Appeal. Erastus epitomises the cancerous corruption in the corporate world. He abused the trust reposed in him by depositors. Let him be hang if that will serve as a detterent to the evil elites of this mis-governed geographical expression called Nigeria. EFCC, please fight these monstrous characters with ferocity.

Its clear sahara reporters

Its clear sahara reporters has something against Akingbola,when other cases involving other banks with similar challenges like intercontinental are decided on,hardly are they mentioned by SR.Some have even speculated that they are the mouthpiece for Accessbank as well as those involved in the illegal sale of intercontinental.
Despite all the madness in the todays Accessbank especially the way the purchase price of intercontinental was manipulated and staff exit-not news worthy!
Akingbola is presumed innocent until the court rules otherwise,its wrong to continue to caption news item involving him *rogue banker*

HE IS A THIEVING MURDERER WHO

HE IS A THIEVING MURDERER WHO HAS THE BLOOD OF MANY PEOPLE ON HIS GREEDY HANDS! HE KILLED CHARLES ALABA JOSEPH IN BROAD DAYLIGHT SO HE COULD STEAL MOBITEL FOR NOTHING, THEN USED STOLEN BANK MONEY TO BRIBE SENIOR POLICE (EHINDERO, ONOVO etc. AND PATHOLOGISTS) TO COVER IT UP. HE THINKS HE GOT AWAY WITH IT, BUT HE DIDN'T, HIS CURRENT TROUBLES ARE MINOR COMPARED TO WHAT'S COMING TO HIM. HE IS EVIL!!

I wont be surprised if in few

I wont be surprised if in few years he would be decorated with national honor and elevated to the post of Cental Bank Governor as compensation from party members, in a monkey republic everything is possible.

NEMESIS

Whatever that is built on deceit stands temporary. Akingbola & co. life is a good teacher, get started WELL.

Erastus vs Sanusi

Efcc is not our problem , its Sanusi who is acting a script , i am waiting for what will befall south south and south west when a northerner comes to power you can be sure the oppression will be worse than the apartheid regime in south Africa, their secret will soon come out .

BUT A FRIEND CRIED AGAINST AKINGBOLA'S INJUSTICE.

The power of retribution! Not too long ago, a friend of Erastus Akingbola cried out loud in the News about how Akingbola fraudulently dispossessed him of his Bank! He claimed to have invited him to assist but the Pastor, nay the greed in Akingbola led him to throw out this man! The man wept profusely and bitterly even through paid advertisement. I would not know how much of the lessons on restitution Akingbola imbibed, but this experience of his is playing out like that between him and the victim. I sometimes sit and ponder perhaps those who know the two can call on their brother to apologize. As things are, restitution appears distant as the despoiler appears despoiled by a "twin-headed nemesis", called Saraki and Sanusi.

To all Southerners!

It is very unfortunate that any topic in this forum will never go free without either tribal or religious attack. I always wonder if this forum consist of educated people or not. For those tribal and religious jingoists, you should know that an average illiterate northerner is superior not over a literate southerner. Thats the fact WALLAHI!

HOW MANY NORTHERNERS WERE BANK MDS

Stealing is stealing it has no tribal marks or religion connotation,let whoever is charged defend him or herself.Some elders raised tribal sentiments in case of Cecilia Ibru before the so called plea bargain.

akingbola is a rouge

This case shd be dispensed with without delay, many people have died because of his stealing attitude, many have lost their jobs due to his wealth acquisition. This rouge should be in jail.

SAD

This is truly sad, Erastus seems to have lost a lot of weight. While Sanusi was busy studying Militancy (Islamic studies) in Uni, Erastus was busy building a corporation. To rubbish and sell of Intercontenetal bank without asserting its real value is down right dirty and irresponsible.
As for me I'll just relax and watch this madness play out.

Keep shut

There nothing u gonna do bout us Fulani/Hausa. We can beat u any day on tha world stage, u may have loud mouths in Lagos but Lagos is not time square. Wallow in ur grandeurs of delusion thinking center of Civilization is EKO. Abokis r better than pigs. We proved it from Sanusi to Rufa'i, Ribadu to Jega. We can beat u anytime.
Bring it on pigs

Why Southerners???

When will this bastard EFCC, start prosecuting these bloody bastards from the north, who have clean slated the country called Nigeria? Why would they, suddenly be clamping on southerners? Can't all the major bank MDs, from d south, revolt this moron, called Lamido Sanusi? Our brothers can do better. We just need to distance ourselves from all these parasites, called MALO. For crying out loud, how can a country's section be as barren and cursed as this hausa/fulani zones? Shame on Abokis all. PARASITES!!!!!!

sanusi not a saint either!

the influence of the kwara big boys(saraki's and the present governor) as lead sanusi to robe erastus with a crime he did nt comit all.
let them probe the defunct society general bank and how erastus failed to give in to the saraki's buy up on intercontinental bank throught lamido sanusi, you will discover that sanusi should be the one in erastus shoes.

abokis are honest abi?

When will this shit efcc start prosecuting the northerners? Until a looters prosecuting federal charater system is installed, the shit efcc is no fly! or do you think all these monies comes from selling groundnuts?

sanusi versus akingbola

Prominent northern leader and former Kaduna State governor, Balarabe Musa, has warned that the refusal of the Presidency and the National Assembly to allow the proposed National Conference to hold could lead to a social revolution or military coup.
Musa said the realities on ground showed that it was inevitable for the “sovereign people of Nigeria” to come together and discuss the way forward for the country.
According to him, the current debate over revenue sharing formula, in which northern governors are demanding more funds is another indication of the need for the conference.

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