Platform Capital chairman Akindele Akintoye to know fate of bail application Jan. 8

Platform Capital chairman Akintoye Akindele
Akintoye Akindele

A Federal High Court in Abuja on Tuesday fixed January 8 for ruling on a bail application filed by the founder and chairman of Platform Capital Investment Partners Limited, Akindele Akintoye.

Justice Emeka Nwite fixed the date after the defence lawyer Emmanuel Esedo and EFCC’s lawyer Martha Babatunde argued their cases as it concerns the bail application.

Babatunde said that the prosecution had just received a further affidavit from the defence and that new facts were raised that they would need to respond to.

“They said the correctional centre does not have the facility to take care of the defendant. We will like to respond to those facts, my lord,” she said.

Esedo said the issue that the correctional centre did not have the facility to take care of his client was not a new issue.

The lawyer told the court that before they got to court, they were informed by the officers of the correctional centre that Akintoye fainted.

Justice Nwite then gave Esedo the leave to proceed with the application.

Moving the motion, Esedo said the bail application was dated and filed December 23.

Babatunde said Akintoye was a flight risk, arguing that the court cannot be bound by the terms of the previous bail granted to Akintoye.

Akintoye, in the four-count charge, was alleged to have diverted a sum of $26,060,406.00 US dollars meant to build a refinery in Brass, Bayelsa.

Akintoye, Platform Capital Investment Partners Limited and Duport Midstream Company Limited, where he is also the managing director and CEO, were sued as first to third defendants respectively by the anti-graft agency.