Adekanola was arraigned by the EFCC before Justice Lateef Lawal-Akapo in May 2013 under the Criminal Code Law Cap 17, Vol. 2. Laws of Lagos State, 2003. He however, pleaded not guilty to the charge . The EFCC had accused Adekanola of “fraudulently disposing of trust property” and “disobedience to lawful order” by selling NECOM House, Lagos without any authority. According to the anti-graft commission, the offence committed by the defendant contravened Section 434 of 9riminal Code Cap 17. Vol. 2, Laws of Lagos State of Nigeria, 2003. The particular offence was that: “Otunba Olusola Adekanola between March 2007 and April 2008 at Lagos within the Ikeja judicial Division, you converted NECOM House Lagos entrusted to you as a Liquidator without authority by selling it to West African Aluminium Product Plc at the price of N4bn, being fully aware that there was a presidential directive not to sell NECOM House.” On the second charge he was said to have disobeyed the lawful order issued by constituted authority contrary to Section 203 of the Criminal Code. But in a no case submission filed by the defendant through his lawyer, Malam Yusuf Ali SAN he prayed the court to discharge and acquit him on the ground that the prosecution has not established a prima facie case against him. He argued that all elements of the offences against him were not proved by the prosecution as required by law. Opposing the application, however, the prosecution said there is prima facie case against him, while urging him to open his defence without delay. According to the prosecution counsel, Mrs. Chioma Onuegbu, there is evidence to prove essential elements of the offences, adding that there was a Presidential directive not to sell NECOM House, which was allegedly contravened by the defendant. Onuegbu, further submitted that the defendant not only went ahead to dispose of the property in spite of the presidential order but disobeyed the order requesting him “to remove certain critical operational assets of NITEL/MTEL initially listed as Non-Core assets” to be disposed. She argued that there was a specific Presidential Order communicated to the defendant, which he confirmed in the minutes of meeting dated July 25, 2007. Justice Lawal-Akapo reserved ruling in the no case submission till July 13, 2016.]]>