Tuesday, October 26, 2010

Assets: Appeal court grants Akingbola’s request

Former Chief Executive Officer of Intercontinental Bank Plc, Erastus Akingbola
THE Court of Appeal in Lagos on Tuesday granted leave to the former Chief Executive Officer of Intercontinental Bank Plc, Erastus Akingbola, to file additional grounds of appeal challenging the jurisdiction of the Federal High Court in Lagos to entertain the Economic and Financial Crimes Commission‘s application to freeze his properties and assets.

In its ruling delivered by the presiding Justice Clara Ogunbiyi and supported by other justices, the appellate court granted Akingbola the leave to amend his Notice of Appeal dated March 17 and raise fresh issue which was not raised at the lower court.

The appellate court also granted Akingbola‘s request, seeking for extension of time to file his brief of argument.
Source: http://www.punchng.com/Articl.aspx?theartic=Art201010273113079

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