Ogunbambo is standing trial alongside his company, Adeline Investment Limited, on charges of fraudulently obtaining a credit facility of over N1.2bn from Stanbic IBTC Bank Plc in 2009. He fraudulently obtained the sum from the bank by using forged documents in support of his loan application.
Mr. Mobolaji Akintunde, counsel to Oluwaseun Ogunbambo, who is being prosecuted by the Economic and Financial Crimes Commission (EFCC) in the N1.2billion scam, on Tuesday, October 14, 2014, told a Lagos High Court sitting in Igbosere that he was withdrawing from the case, owing to his inability to ensure the physical presence of his client in court.
Akintunde told the court he will be proceeding with the application filed on May 14th, 2014, expressing his decision to withdraw his presentation from the trial. “I urge your lordship to hear our prayer based on all the supporting documents," he said.
Ogunbambo is standing trial alongside his company, Adeline Investment Limited, on charges of fraudulently obtaining a credit facility of over N1.2bn from Stanbic IBTC Bank Plc in 2009. He fraudulently obtained the sum from the bank by using forged documents in support of his loan application.
Prosecuting Counsel, Musa Jamal, did not object to the application but prayed the court for a reasonable date in bringing the absconded defendant to court to face his trial. "We are doing everything in our power to ensure the defendant is brought back to face trial," he said
Justice Adebisi Akinlade granted the prayer of Akintunde and adjourned the matter till March 26, 2015. The long adjournment, she said, was to afford the EFCC enough time to bring the defendant to trial.
Wilson Uwujaren
Head, Media & Publicity
14th October, 2014