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EFCC asks court to strike out N200bn suit

By Abdulwahab   Abdulah
The Economic and Financial Crimes Commission (EFCC) yesterday asked an Ikeja High Court to strike out the suit instituted against it by some companies believed to be owned by the family of the former Chairman of the Intercontinental bank Plc, Dr Erastus Akingbola and their business associates.

The anti-graft agency while responding to a motion of fundamental rights filed by the companies, led by one Tropics Finance and Investment Company Ltd., EFCC prayed the court to disregard the prayers and argument canvassed by the companies on the ground that they failed to comply with the provisions of the law that could warrant the court to grant their prayers.

The companies in their motion had asked for N200 billion damages against the EFCC for allegedly sealing off their offices and also disrupting their operations.

The four companies are Tropics Finance and Investment Company Limited, Tropics Properties Limited, Tropics Securities Limited and Tropics Holding Limited.

Akingbola was the former Chief Executive Officer of Intercontinental Bank Plc sacked by the Central Bank of Nigeria (CBN) over alleged mismanagement of the bank money.

The companies had approached the court for the enforcement of their fundamental human rights and damages for alleged financial loss suffered while their offices were sealed by the EFCC.

They are among other things seeking the defreezing of their accounts and perpetual injunction restraining the EFCC from further harassment of the staff of the applicants.

The EFCC had, while investigating the companies over shoddy financial dealings with Intercontinental Bank, linked them to Akingbola and his wife, Anthonia.


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