(http://saharareporters.com/sites/default/files/page_images/news/2011/Erastus_Akingbola.jpg?1321383847) By Femi Babafemi The trial of former Managing Director of Intercontinental Bank Plc, Mr Erastus Akingbola and his associate, Mr. Bayo Dada resumed on Tuesday November 15, 2011 with prosecution witness Jimoh Abdulraheem, a former chief inspector with the bank, detailing how he transferred funds to the offshore account of the 1st accused. Led in evidence by defence counsel, Godwin Obla, Abdulraheem told the court that he was once invited by the EFCC to give statement about the movement of funds from Intercontinental Bank to various companies account on the instruction of Akingbola while he held sway as managing director of Intercontinental Bank. He went on to identify a copy of the statement he wrote on 28 January, 2011. Obla consequently urged the court to Admit the document as exhibit but defence counsel, Felix Fagbohungbe, SAN objected, arguing that he needed time to study the document. The objection was over ruled by the court and the document was admitted as exhibit.
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Attribution: NationalMirror, SaharaReporters & Vanguard.