Former Intercontinental Bank MD, Erastus Akingbola Freed by Court

A Fedral High Court in Lagos has discharged Erastus Akingbola, former MD/CEO of Intercontinental Bank for lack of diligent prosecution.

In the words of the Judge, Justice Charles Archibong, “I direct the AGF to disband, sack and debrief the present prosecution team of five SANs and their respective firm for being incompetent in the prosecution of the charges against the accused before this court.

“I direct the AGF to disband the team for serious abuse of process. They are a drain on the public purse, a fact the AGF should be mindful of now, if he was not before. This prosecution team has chosen to pursue in a campaign to scandalise the court. This amounts to serious and professional incompetence on the prosecution of the accused.

“This prosecution team or any part of it shall not be given any further audience in this court in relation to the charges against this accused, either before this presiding judge or any other judge of the Federal High Court for the reason I have given in the foregoing.

“Furthermore, I take judicial notice that the accused is presently facing charges before the Lagos High Court emanating from his tenure as Managing Director and Chief Executive Officer of Intercontinental Bank Plc, the AGF may wish to regain control of this process. This he can, of course, do at anytime of his choice.

“Meanwhile, the prosecution team presently employed indulged in their professional incompetence to the extreme, had been unmindful of the accused rights for him to have the case against him clearly stated. They have been dismissive of his right to speedy trial which in reality should be a credible procedure.

“Not to indulge in this extended campaign against the presiding judge, I therefore dismiss the charges amended or otherwise.

“For this incompetent and abusive prosecution team, I discharge the accused accordingly and leave the AGF to consider his options.


Olumide Adeleye

Olumide Adeleye

Olumide Adeleye is a social entrepreneur who is passionate about issues of youth and unemployment in Africa. He is the founder and CEO of Twim Infomedia Solutions Ltd, a company with interests in the media and creative industries. One of its divisions, Twim Academy, is a vocational school that builds entrepreneurial minds in the media arts. Twim Academy was selected as one of the five winners of the MasterCard Foundation / Ashoka Changemakers' "Innovation for Youth Employment in Africa" contest. Olumide has also been selected as a Yunus and Youth Fellow, a fellowship supported by Nobel Peace Laureate, Muhammad Yunus. Olumide holds a Bachelors degree in Agricultural Economics from the University of Agriculture, Abeokuta, Nigeria and various certifications in Information Technology from institutions in India where he also got exposed to the media arts. He is a very engaging public speaker, radio host, writer, photographer, videographer and creative artist. His experiences at Twim Academy have also positioned him to share rare insights in SME startup and growth.



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