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Ex-Intercontinental Bank MD Re-arraigned in Court

The Economic and Financial Crimes Commission (EFCC) on Wednesday re-arraigned a former Managing Director of the defunct Intercontinental Bank PLC, Erastus Akingbola in a Federal High Court in Lagos, for alleged Money Laundering charges.

He is charged by the EFCC with amended 22 count charge bordering on the offence.

He had pleaded not guilty to the charges.

The prosecution had opened its case and its second witness, Abdulraheem Jimoh is still been led in evidence.

When the case was called on Wednesday, the prosecutor Rotimi Jacobs (SAN) informed the court of an amended charge filed by prosecution.

He urged the court to accept the charge and cause the plea of the defendant to be taken afresh.

The Court has adjourned until March 14 for continuation of trial.