Connect with us

BIG STORY

Alleged Fraud: Trial Of Ex-Bank Chief, Erastus Akingbola, Starts Afresh 10 Years After Initial Arraignment

Avatar

Published

on

The trial of the former managing director of the defunct Intercontinental Bank, Erastus Akingbola, has resumed at the Federal High Court sitting in Lagos.

The trial is coming back a year after the Supreme Court ordered Akingbola to face the charges against him. It’s also almost 10 years after the former bank chief was initially arraigned before Justice Mohammed Idris on a 26-count charge of fraud, granting reckless credit facility, abuse of office and mismanagement of depositors’ funds.

The case was later transferred to Justice Charles Archibong on October 25, 2010, but two years later, the judge struck out the charge for want of diligent prosecution by lawyers to the Economic and Financial Crimes Commission (EFCC).

However, on February 20, 2015, the Court of Appeal, Lagos Division overturned the Federal High Court’s decision striking out the charges against Akingbola.

Akingbola’s appeal to Supreme Court was also dismissed by the apex court, and the court on May 18, 2018, ordered the former bank chief to return to the Federal High Court to answer to the charges preferred against him by the EFCC.

At the proceedings on Tuesday, the EFCC’s witness, Abdulrahim Jimoh, testified that as the Chief Inspector of Intercontinental Bank in November 2009, he discovered that Mr Akingbola acquired properties in London with the sum of £8.5m and £1.3m pounds allegedly diverted from the bank.

He said the bank discovered this after investigating a letter it received via email from Deutsche Bank of London.

Justice Mojisola Olatoregun has adjourned further proceedings in the matter till Wednesday, March 13.

BIG STORY

‘Evil Shall No Longer Have A Voice In Nigeria; I Am Your Nightmare’ — Buhari’s Aide, Onochie Blasts Atiku

Avatar

Published

on

Angered with the demands and statement released yesterday by the Presidential candidate of the Peoples Democratic Party, PDP, Alhaji Atiku Abubakar, the Social Media aide to President Muhammadu Buhari, Lauretta Onochie, Monday, boldly replied Atiku, noting that “evil shall no longer have a voice or say in Nigeria.”

Disclosing this in a statement obtained by Vanguard, Onochie opined that the reason why Atiku’s aides are fighting her was because she ‘is Atiku’s nightmare’.

She accused Atiku’s team of trying to make her lose focus especially now President Muhammadu Buhari’s victory is being challenged by the same person, at the election tribunal.

Recall that the former vice president’s lawyer, Mike Ozekhome (SAN), had in a letter to Onochie on Sunday, demanded five hundred million Naira, (N500m) and a written apology in six national and one international daily, as well as on all social media platforms wherein the said publication was made.

Onochie had in one of her tweets averred that Atiku was on UAE watch-list. She said that security operatives in the United Arab Emirates, (UAE) are keeping a close tab on Atiku who has been in the Middle East nation for several weeks.

She later asked a question which she later answered. What is he (Atiku) doing there? Answer, Me (Onochie): Shopping for Terrorists?

However, miffed with the allegation, Atiku’s lawyer, Ozekhome (SAN), wrote to Onochie and demanded a retraction and apology on or before 48 hours and failure to do so, he would sue Onochie for N2bn.

In the face of this threat, Onochie said; “EVIL SHALL NO LONGER HAVE A VOICE NOR SAY ANYWHERE IN NIGERIA.

(Vanguard)

Continue Reading

BIG STORY

Wike Dethrones Top Monarch In Rivers Over Cult Activities

Peter Okunoren

Published

on

Rivers State Governor, Nyesom Ezenwo Wike, has approved the immediate withdrawal of Certificate of Recognition and staff of office from His Royal Majesty, Chief Frank Noryaa, Gbenemene Baabe.

This was made known yesterday in a statement by Simeon Nwakaudu, Special Assistant to the Governor on Electronic Media.

According to the statement, the withdrawal of government’s recognition from HRM Noryaa followed his alleged indictment on cult-related activities within his kingdom.

“The traditional ruler was also indicted for harbouring cultists, leading to insecurity in the area,” he said.

The statement quoted Governor Wike as saying his “administration remained committed to the promotion of peace and security across the state.”

Also, the governor warned other traditional rulers and government functionaries against being indicted for promoting insecurity, saying they will face the full weight of the law.

Continue Reading

BIG STORY

‘Give Us Security Votes To End Kidnapping, Banditry, Others’ – Iwo Monarch Tells Buhari

Avatar

Published

on

Oluwo of Iwoland in Osun State, Oba Abdulrasheed Akanbi, has called on the Federal Government to make provision for security votes for the traditional institution to help fight insecurity in the country.

Akanbi, who spoke to journalists in Osogbo yesterday, said the traditional rulers were closer to the grassroots and were privy to the intelligence needed to curb crimes in communities.

He said: “Traditional rulers should be empowered to domesticate security at the grassroots which constitutes higher percent of the hideouts for kidnappers. Co-opting monarchs will unavoidably decimate security threat.

“Traditional institution should be given security vote to engage local hunters, vigilante, the Agbekoyas, trusted local Odua Peoples Congress (OPC), among others.

“In my own capacity, I am trying my utmost best in my domain but the institution I represent deserves security funding to act more.

“I have personally arrested a criminal in my domain and handed him over to the police. I know the nooks and crannies of my city. No criminal can survive with illegality here. I have instilled the fear in them and this has decimated atrocities in Iwo. I am ready to do more if empowered by engaging trusted local security details.

“The police saddled with this primary responsibility is underfunded and under staffed. Nigeria of over 200 million population is parading about 300,000 policemen. The police should be equipped with modern tools and should be paid good salaries and as well be assured of job security to motivate them for maximal performance.

“Government should provide surveillance helicopters to aid technical detective assignments by the police, most especially when searching kidnappers’ hideouts.”

Continue Reading

Most Popular