29th November, 2010
The rearraignment of the Chief Executive Officer, CEO of Intercontinental Bank, Dr.Â Erastus Akingbola, failed to take place this morning as the presiding judge, JusticeÂ Charles Archibong, adjourned to 14 December, 2010 the hearing of the applicationsÂ filed before the court.
Prominent among the applications are the application to quash the 22-count chargeÂ preferred against Akingbola and another one asking the court for theÂ revocation ofÂ bail.
In the sworn affidavit in support of the application filed by Chief FelixÂ Fagbohungbe, SAN, the two other Senior Advocates, Ricky Tarfa and Deji Sasegbon, areÂ contending that the proof of evidence filed before the court did not disclose anyÂ prima facie case. In addition, all the 22 counts are speculative, defective,Â incompetent, incurably bad and have no lesus with the proof of evidence.
They urged the court to quash the charge and discharge Akingbola.
The Economic and Financial Crimes Commission, EFCC had dragged the former CEO ofÂ Intercontinental Bank Plc. before the court on charges of mismanagement followingÂ the Central Bank of Nigeria, CBNâ€™s intervention in the running of some commercialÂ banks, including Intercontinental Bank.