A Federal High Court in Lagos has discharged and acquitted Chief Rashidi Ladoja in the alleged N4.7 billion fraud charged brought against him by the Economic and Financial Crimes Commission (EFCC).
Ladoja was freed by the court on Friday, February 8.
Justice Mohammed Idris in his judgement said the evidence brought to the court by the EFCC was “too low on credible evidence.”
He therefore discharged and acquitted the former governor of Oyo state and Waheed Akanbi, who was Oyo state commissioner for finance during his administration.
Recall that a Federal High Court in Lagos on Monday, January 21, reserved judgment in the criminal case against the former governor and one of his aides, Waheed Akanbi, charged with N4.7 billion fraud.
Justice Mohammed Idris reserved his judgment after counsel representing parties had adopted their final addresses before the court.
Legit.ng gathers that Ladoja was charged by the EFCC with converting N4.7 billion from the state’s treasury to his personal use.
He was re-arraigned along with Akanbi on 11 counts charge of money laundering and unlawful conversion of public funds.
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