Rashidi Ladoja, former Governor of Oyo State, has been acquitted of a N4.7billion fraud case by Justice Mohammed Idris of Federal High Court, Lagos.
Justice Idris who has been elevated to the Court of Appeal, but concluded the trial on a fiat, held that the prosecution failed to establish ingredients of the charge against Ladoja and Akanbi.
The anti-graft had in November re-arraigned Ladoja and his former Commissioner for Finance Akanbi for allegedly converting N4.7billion from the state treasury to their personal uses.
The Federal High Court in Lagos has declared former Governor of Oyo State, Rasheed Ladoja and a former Commissioner for Finance, Waheed Akanbi, not guilty in the N4.7 billion fraud allegations levelled against them by the EFCC.
The Federal High Court in Lagos has discharged and acquitted a former Governor of Oyo State, Chief Rashidi Ladoja, who the Economic and Financial Crimes Commission charged with an alleged fraud of N4.7.
By Anthony Ogbonna
But counsel to Economic and Financial Crimes, EFCC, which is prosecuting Fayose, alongside Spotless Limited, Mr. Rotimi Jacobs, SAN, told the court that Obanikoro took ill and was admitted to a hospital.
A former Governor of Oyo State, Rashidi Ladoja, has said that he wouldn’t have had to undergo a trial that lasted 11 whopping years for alleged theft of N4.7bn public funds if he had joined the ruling All Progressives Congress.
Akinjide, alongside Senator Ayo Adeseun and a Peoples Democratic Party stalwart, Chief Olanrewaju Otiti, is facing trial on an amended 24-count charge bordering on money laundering to the tune of N650 million.
The Economic and Financial Crimes Commission (EFCC) yesterday said it had secured a court order for the arrest of former Director General of the National Intelligence Agency (NIA), Ambassador Ayodele Oke, and his wife, Folasade.
DAILY POST recalls that a federal high court in Lagos on Friday discharged and acquitted Ladoja and his Finance commissioner Mr. Waheed Akanbi over the N4.7billion case instituted against them by the Economic and Financial Crimes Commission.