EFCC Closes Alleged N4.7bn Fraud Case Against Ladoja
Rashidi Ladoja.

The Economic and Financial Crimes Commission (EFCC), has closed its case against a former governor of Oyo State Rashidi Ladoja, who is being tried for an alleged fraud of N4.7bn.

Concise News understands that the former governor is facing eight counts of corruption alongside a former Commissioner for Finance in Oyo State, Waheed Akanbi.

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The anti-graft agency closed its case against the defendants on Tuesday after his last witness, Abubakar Madaki, an investigator, was cross-examined by the defence counsel — Messrs Bolaji Onilenla and Adeyinka Olumide-Fusika.

The defence counsel hinted upon the closure of the prosecution’s case that they would be filing applications for no-case submission on behalf of their clients.

Justice Mohammed Idris, who presided over the matter, adjourned further proceedings in the case till September 27.

Ladoja and Akanbi were first arraigned in 2008 before Justice A.R. Mohammed of the Federal High Court but they challenged the validity of the charges all the way to the Supreme Court over a period of seven years before the apex court in 2015 dismissed their appeal and sent them back to the high court to face their trial.

The two politicians were subsequently re-arraigned on December 14, 2016, before Justice Mohammed Idris at the Federal High Court in Lagos.

The charges against Ladoja and Akanbi border on money laundering and unlawful conversion of funds belonging to Oyo State to their own.