• Home
  • Top Stories
  • News
    • Photo News
  • Politics
  • Business
  • Crime & Security
  • Sports
  • Intimacy
  • About Us
    • Contact Us
    • Privacy Policy
    • Advert Rate
  • More
    • Opinion
    • Lifestyle & Entertainment
    • Foreign News
    • Health
Facebook Twitter Instagram
Friday, October 23
Facebook Twitter Instagram
Prompt News
  • Home
  • Top Stories
      Featured

      2027: First Lady Oluremi Tinubu Opens PBAT Door-to-Door movement HQ, rallies supporters

      Politics October 23, 2026
      Recent

      2027: First Lady Oluremi Tinubu Opens PBAT Door-to-Door movement HQ, rallies supporters

      October 23, 2026

      One Dead, Three Rescued As Building Collapses In Lagos

      October 23, 2026

      DBN Signs $61m Credit Deal With AfDB

      October 22, 2026
    1. News
      1. Photo News
      Featured

      Five Islamic clerics abducted after Tinubu re-election prayer remain in captivity

      News October 23, 2026
      Recent

      Five Islamic clerics abducted after Tinubu re-election prayer remain in captivity

      October 23, 2026

      One Dead, Three Rescued As Building Collapses In Lagos

      October 23, 2026

      Security operatives guard Tinubu’s billboards ahead of campaign flag-off

      October 23, 2026
    2. Politics
        Featured

        2027: First Lady Oluremi Tinubu Opens PBAT Door-to-Door movement HQ, rallies supporters

        Politics October 23, 2026
        Recent

        2027: First Lady Oluremi Tinubu Opens PBAT Door-to-Door movement HQ, rallies supporters

        October 23, 2026

        Oyetola, Oyebamiji absent as Adeleke inaugurates Tinubu’s 344-member campaign council

        October 23, 2026

        2027: INEC should unveil 103 million registered voters on its portal – Atiku

        October 22, 2026
      1. Business
          Featured

          UBA Commences Comtempt Proceedings Against WEMPCO Directors over Alleged Disobidence of Court Order

          Business October 23, 2026
          Recent

          UBA Commences Comtempt Proceedings Against WEMPCO Directors over Alleged Disobidence of Court Order

          October 23, 2026

          $242m Petroleum Products Diversion Claim: UBA Secures Court Order Against Vitol, 4 Others

          October 23, 2026

          Cardoso Engages Business Leaders on Strengthening Nigeria–China Financial Corridor

          October 23, 2026
        1. Crime & Security
            Featured

            Police arrest 12-year-old, two others over suspected cult initiation

            Crime & Security October 23, 2026
            Recent

            Police arrest 12-year-old, two others over suspected cult initiation

            October 23, 2026

            Rivers monarch under fire over alleged forced virginity checks on schoolgirls

            October 23, 2026

            Police deny ₦100,000 bribe demand over missing $500 wristwatch

            October 23, 2026
          1. Sports
              Featured

              2026 U-17 WWC: Flamingos overcome North Korea to seal Round of 16 spot 

              Sports October 23, 2026
              Recent

              2026 U-17 WWC: Flamingos overcome North Korea to seal Round of 16 spot 

              October 23, 2026

              Boniface targets loan move away from Bayer Leverkusen

              October 23, 2026

              FIFA U-17 WWC: Busari drops Captain Harmony For Crucial North Korea Clash

              October 23, 2026
            1. Intimacy
            2. About Us
              • Contact Us
              • Privacy Policy
              • Advert Rate
            3. More
              • Opinion
              • Lifestyle & Entertainment
              • Foreign News
              • Health
            Prompt News
            Home » N46 Billion Fraud: Court Rules On Akingbola’s ‘No Case Submission” July 15
            Business

            N46 Billion Fraud: Court Rules On Akingbola’s ‘No Case Submission” July 15

            techBy techJuly 10, 2013No Comments4 Mins Read
            Facebook Twitter LinkedIn Telegram Pinterest Tumblr Reddit WhatsApp Email
            Share
            Facebook Twitter LinkedIn Pinterest Email

            Judiciary Logo

            Justice Adeniyi Onigbanjo of a Lagos State High sitting in Ikeja on Wednesday,  July 10, 2013 adjourned  for ruling  an application of no case submission brought before it by Dr Erastus Akingbola, former  Managing Director Intercontinental Bank Plc now Access Bank and Bayo Dada of Tropics Finance Limited. The two defendants are standing trial for offences bordering on stealing and obtaining under false pretences.

             

            Counsel to Akingbola, Wole Olanipekun (SAN) informed the court that the defence had filed a motion dated July 4, 2013 supported by a 20-page affidavit disposed to by the first defendant before the court. He said  the motion sought to raise two issues. One of the issues, he said, bordered on the jurisdiction  of the Attorney General of Lagos State to entertain a case brought before a Lagos State court by a Federal agency. Olanipekun said the offences for which the first defendant was charged was not an offence that can be tried by a Federal Government of Nigeria agency under the Lagos State Criminal Code . He went further to inform the court that if the Federal Government decided to try a case of stealing before the Lagos State Law, then the charges should be in the name of the  Attorney General of Lagos State and not the Attorney General of the Federation.

             

             

             The second issue challenged the locus standi of the EFCC in instituting the case. In the application, Olanipekun said EFCC had no power within the confines of the law to try such an offence. He asked the court to strike out the entire information contained in the charges against  the first defendant.

             

             

            Taiwo Osipitan (SAN) appeared for the second defendant. Osipitan also presented an application via a motion dated July 9,2013. The application sought to also strike out the charges against Dada on the grounds that the proof of evidence did not disclose anything linking him to the offences for which he was charged. 

             

            EFCC counsel, Emmanuel Ukala (SAN) however opposed the submission. He informed that court that the case started in a sister court under Justice Habeeb Abiru and had reached a concluding stage before Abiru was elevated to the Court of Appeal. He said the prosecution had filed a counter affidavit in which it prayed the court to disregard the applications by the defence counsel because it will amount to a waste of time of the court. He said the matter was adjourned in February for trial to commence not for the defence counsel to come up with applications to quash charges.  He said the same issues had been raised before Abiru and it was stuck out.

             

            “The same issues have been raised before Justice Abiru and  at the Court of Appeal. Akingbola vs FRN 2012 NWL; section 211 of the 1999 Constitution which pertains to powers of the Lagos State Attorney General were examined and further pronouncements were made. At page 530 of that report,  section 211 of the Constitution recognises the fact that a criminal proceeding can be constituted not only by an Attorney General of a State but any other authority vested with such prosecutorial powers. Page 532 of the same report , particularly paragraph C – G, the same Court of Appeal came to a conclusion that EFCC has rightly initiated criminal proceedings under a State Law and that only the Attorney General of Lagos State has powers to challenge the powers of the EFCC not an appellant .”

             

             

            Ukala went further that “ the impression being created is that the exercise of powers to prosecute in this case is that of delegation. This case has shown that this is not a matter of delegation. EFCC by the Act which created it vested powers in it to institute any criminal matter. A charge of stealing is part of economic crimes. EFCC is acting right and operating within its capacity and being an agency of the Federal Government, it can institute any matter on behalf of the Federal Government. I therefore urge your Lordship to strike out these applications because they lack merits.” he submitted.

             

             

             

            After listening to arguments from counsel, Justice Onigbanjo adjourned ruling on Akingbola’s application to July 15,2013 and struck out the  second defendant’s application for abuse of court process.

              

            Akingbola and his co-defendant were previously arraigned before Justice Abiru of the Lagos State High Court  in May, 2011 on a 27-count charge bordering on stealing N46billion  depositors’ funds. The case was at the concluding stage when  Abiru was suddenly elevated to the Court of Appeal.  Abiru’s elevation led to the re-arraignment of the duo before Justice Onigbanjo in February, 2013.

             

            EFCC Federal Government strike
            Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
            Previous ArticleFirst Lady In Beijing, Receives Commendation
            Next Article Fears About Amaechi’s Safety Following Withdrawal Of Soldiers, APC
            tech

              Related Posts

              UBA Commences Comtempt Proceedings Against WEMPCO Directors over Alleged Disobidence of Court Order

              October 23, 2026

              $242m Petroleum Products Diversion Claim: UBA Secures Court Order Against Vitol, 4 Others

              October 23, 2026

              Cardoso Engages Business Leaders on Strengthening Nigeria–China Financial Corridor

              October 23, 2026
              Add A Comment

              Comments are closed.

              Recent Posts
              • Police arrest 12-year-old, two others over suspected cult initiation
              • 2027: First Lady Oluremi Tinubu Opens PBAT Door-to-Door movement HQ, rallies supporters
              • 2026 U-17 WWC: Flamingos overcome North Korea to seal Round of 16 spot 
              • Tope Alabi Threatens Legal Action Against Online Defamation
              • Boniface targets loan move away from Bayer Leverkusen

              CONTACT INFORMATION

              Prompt News Online is published by PNO Dynamic Media Limited.

              Address: Suite 24, Abebi Plaza, Oluseyi, Sango – Eleyele Road, Ibadan, Oyo State, Nigeria.

              Managing Editor/CEO: Akeem Oyetunji

              Email: promptnewsonline@gmail.com or editor@promptnewsonline.com

              Phone/WhatsApp: +234806 286 2057
              Or 0805 386 6284

              ABUJA OFFICE: 
              Address: Suite D76, EFAB Mall
              Off Gimbya Street, Area 11, Garki, Abuja
              ABUJA BUREAU EDITOR: Harry Awurumibe
              Phone: 0803 302 4300
              Email: harryawurumibe360@gmail.com
              UK OFFICE:
              Address: 34 Skipper Court,
              Abbey Road, IG 11 7GW.
              Barking, London, UK.
              EDITOR EUROPE: Bolaji Oyegunle
              Phone +447878196776
              Email: gb10oyegunle@gmail.com
              © 2026 Prompt News Online. Designed by DeedsTech.
              • About Us
              • Contact Us
              • Advert Rate
              • Privacy Policy

              Type above and press Enter to search. Press Esc to cancel.