AMINA ADAMU AUGIE, J.C.A. (Delivering the Leading Judgment): This is yet another Appeal filed by the Appellant against a decision of Archibong J., in respect of criminal charges against the Respondent after he was removed as Managing Director of Intercontinental Bank Plc.
He was arraigned before the Federal High Court on Charges of creating a false or misleading appearance of active trading in the shares of Intercontinental Bank Plc. on the Nigerian Stock Exchange contrary to the Investment and Securities Act; Money Laundering contrary to the Money Laundering Act (Prohibition) Act, and other banking offences contrary to the Banks and Other Financial Institutions Act [BOFIA].
On 29/11/2010, and before an Amended Charge dated 26/1/2010 could be read out to the Respondent, Chief F.O. Fagbohungbe, SAN informed the court that the Respondent was challenging the charge, and had filed a Preliminary objection dated 26/11/2010 to that effect. Learned senior counsel for the Appellant, E.C. Ukele…