Court Orders EFCC To Release Akingbola’s Property
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Written by Akeem Nafiu, Lagos
Saturday, 18 December 2010

A federal high court in Lagos has ordered the Economic and Financial Crimes Commission (EFCC) to vacate the property of a former Managing Director of Intercontinental Bank Plc, Dr Erastus Akingbola, located at 12, Ruxton Road, Ikoyi.

The order, according to Justice Charles Archibong, became imperative because the anti-graft agency took over the said property without the due process of law.

The court also ordered that the EFCC immediately allow Akingbola full access and occupation of the property.

Justice Archibong, while delivering his ruling on an originating summon filed by Akingbola, through his counsel, Felix Fagbohungbe (SAN), on Friday, agreed with the applicant that the said property was not in the schedule of the property attached by EFCC following the order of Justice Tijani Abubakar in December 2009.

Justice Archibong, therefore, ordered the anti-graft agency to release the property to the former bank chief.

However, the court refused to vary the bail condition granted him by Justice Mohammed Idris on August 30.

“I will not vary the condition of the bail which the accused is admitted to bail in this present charge,” the judge ruled.

The court adjourned till February 18, 2011 for Akingbola’s arraignment on fresh charges filed by the EFCC.


http://tribune.com.ng/sat/index.php/news/2799-court-orders-efcc-to-release-akingbolas-property.html