Thursday 11 October 2012

News : Judge stops witness’recall at Akingbola’s trial

EffortS to recall a defence witness, Mrs. Ayoola Ayinde, in the
on-going trial of the former Managing Director of
Intercontinental Bank Plc, Erastus. Akingbola, was yesterday rejected
by Justice Habeeb Abiru of an Ikeja High
court.

Akingbola, who was charged alonside his former business associate,
Bayo Dada, by the anti-graft commission, Economic and Financial Crimes
Commission, EFCC over
alleged stealing of N47.1bn owned by the rested Intercontinental Bank
(now Access Bank Plc) had applied to the court on October 9 to recall
Mrs. Ayinde, a former
head of foreign operations of Intercon- tinental Bank to tender 75
documents as exhibits to shore up his case.

The documents were to explain the 8.5 million and 1.3 million pounds
transactions which according to her, was an instruction by Akingbola
for transfer to Fulgher Solicitors, a United Kingdom-based law firm
under the bank's regular transaction.

She was expected to tender the documents to show that the money
transferred to Fulgher was owned by Rockson
Engineering Ltd, an explanations that contradicted the charge before the court.

The matter was adjourned to Oct.23 for further trial at the instance
of the defence who pleaded to bring their last witness to court.