HomeCrime#Court Orders Arrest of Access Bank MD and Others Over Alleged Theft

#Court Orders Arrest of Access Bank MD and Others Over Alleged Theft

 

Justice Ibironke Harrison of the Lagos State High Court has issued an arrest warrant for Access Bank’s Acting Managing Director, Bolaji Agbede, alongside three other defendants, for failing to appear for arraignment in a case of alleged theft and conspiracy.

Defendants and Charges

The arrest warrant also applies to Balmoral International Limited, DDSS International Company Limited, and Adejare Adegbenro. The Lagos State government has charged the defendants with four counts, including conspiracy, stealing, and attempted theft.

According to the prosecutor, Uthman Rilwan, the defendants allegedly conspired to commit theft on September 2, 2013, at Plot 1261, Adeola Hopewell Street, Victoria Island, Lagos. They are accused of using a property owned by MOB Integrated Services, located at Plot 40b, Burdillion Road, Ikoyi, Lagos, as security for a loan without the owner’s consent.

The prosecution also alleged that on May 26, 2019, the defendants attempted to steal the same property by offering a credit facility of ₦1 billion to DDSS International Company Limited. These actions are said to contravene Sections 411, 280, and 21 of the Lagos State Criminal Laws of 2011.

Court Proceedings

During the court session, Rilwan informed Justice Harrison that the defendants had been duly served with notices of the hearing but failed to appear for their arraignment. The prosecutor requested the court to issue a bench warrant to compel their attendance.

“My Lord, this matter is for arraignment today, and the defendants have been duly served with a copy of the charge. We request the court to issue a bench warrant for the defendants’ arrest to ensure they attend proceedings on the next court date,” Rilwan stated.

Court’s Decision

In response, Justice Harrison granted the prosecutor’s request and issued a bench warrant against the second to fifth defendants. The warrant mandates law enforcement to arrest the principal officers involved. The case has been adjourned to February 24, 2025, for arraignment.

This development highlights the Lagos State government’s commitment to pursuing justice in cases of alleged financial misconduct.

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