Erastus Akingbola one of the embattled bank chiefs who were expelled by the Central Bank in the wake of new reforms by Mallam Lamido Sanusi Lamido (the governor of Central Bank) today got a reprive at the Federal High Court, Ikoyi, Lagos.
At a previous hearing, Akingbola, the former Vice Chairman and Chief executive officer of Intercontinental Bank PLC had called on the presiding judge to allow him the use of his home located at Ruxon road, Ikoyi. According to him, the house was not listed as part of the schedule of property listed by the Economic and Financial Crime Commission (EFCC) before the court. He therefore told the court through, Chief Felix Fagbohungbe (SAN) his lawyer that the EFCC should be told to vacate the residence.
The court answered Akingbola’s prayer today.EFCC has been asked to vacate his multimillion Naira property.
Akingbola is standing trial at the Federal High Court in Lagos for gross embezzlement and money laundry running into over 300 billion Naira. He was sacked by the CBN alongside other top bank chiefs.