- The Economic and Financial Crimes Commission (EFCC) has closed its case against a former Oyo state governor Rasheed Ladoja
- Ladoja has been standing trial for an alleged N4.7 billion fraud at a Federal High Court in Lagos
- Ladoja is standing trial alongside his former finance commissioner Waheed Akanbi
A report by The Nation indicates that the EFCC on Tuesday, September 11, closed its case against a former Oyo state governor Rasheed Ladoja for alleged N4.7 billion fraud at a Federal High Court in Lagos.
According to the report, Ladoja is standing trial alongside his former finance commissioner Waheed Akanbi.
The defendants were arraigned before Justice Mohammed Idris on December 14, 2016, on an eight-count charge, with each defendant pleading not guilty.
During court proceedings, an EFCC operative, Abubakar Madaki, was cross-examined by the defence team, while first and second defendants’ counsel Adeyinka Olumide-Fusika and Bolaji Onilenla said they intended to make a “no-case submission.”
Justice Idris upheld their application for an adjournment and fixed Thursday, September 27 for adoption of the final written addresses.
The defendants were charged with conspiracy to siphon and launder N4.7 billion from the coffers of the Oyo state government.
The alleged offences contravene sections 14, 16, 17 (a) and 18 (1) of the Money Laundering (Prohibition) Act, 2004, according to the EFCC.
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Meanwhile, outgoing governor of Ekiti state, Ayodele Fayose, has written to the EFCC notifying the agency that he will make himself available on Tuesday, October 16.
Fayose said his desire to submit to the commission was hinged “on several and serial actions of your commission for some time now, including but not limited to freezing of my accounts and attempts to secure temporary forfeiture of my properties.”
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