Court closes case as Akingbola fails with no Witness in N47.6billion theft Trial

A Lagos State High Court sitting in Ikeja presided over by Justice Habeeb Abiru have closed a case of theft of N47.6billion instituted by the Economic and Financial Crimes Commission (EFCC) against a former managing director of Intercontinental Bank (now Access Bank plc), Erasmus Akingbola and his associate, Bayo Dada.

Justice Abiru closed the case on Monday, 22 October, 2012 at the resumed hearing of the trial when the defence team led by Felix Fagbohungbe, failed to present a witness to testify to some documents brought before the court via a subpoena from Rockson Engineering Limited. The court had already granted three different adjournments to the defence in order to produce the supposed witness without any success.

At the last sitting on October 10, 2012, Mr Fagbohungbe informed the court that his team could not produce the witness as all efforts to reach the witness proved abortive. He sought the leave of the court for an adjournment saying if they failed to bring the witness at the given date, the defence team will close its case and the court adjourned based on that assurance. Read More