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EFCC re-arraigns ex governor Ladoja eight years after

15 December 2016, 10:09

Abuja - The Economic and Financial Crimes Commission on Wednesday re-arraigned a former Governor of Oyo State, Rashidi Ladoja, alongside one Waheed Akanbi for an alleged fraud of N4.7bn, Punch reports.

The EFCC claimed that Ladoja and Akanbi committed the offence in 2007.

Their re-arraignment before Justice Mohammed Idris of a Federal High Court in Lagos on Wednesday followed the dismissal of their appeal against the charges which went all the way to the Supreme Court over a period of seven years.

72year-old Ladoja appeared in court in a green agbada made of ankara fabric, a brown cap and black shoes while Akanbi was dressed in a black suit.

The eight counts pressed against them by the EFCC border on money laundering and unlawful conversion of funds belonging to the Oyo State Government to their own.

In one of the counts, Ladoja and Akanbi were accused of converting a sum of N1 932 940 032.48, belonging to Oyo State Government to their personal own, using a Guaranty Trust Bank account of a company, Heritage Apartments Limited.

The EFCC claimed that they retained the money sometime in 2007, despite their knowledge that it was a proceed of a criminal conduct.

The anti-graft urged Justice Mohammed Idris of a Federal High Court in Lagos to issue a warrant for the arrest of a former Governor of Oyo State, Senator Rashidi Ladoja, along with his former aide, Waheed Akanbi, for allegedly laundering N4.7bn according to News24.

A counsel for the anti-graft agency, Oluwafemi Olabisi, made the application on Friday following the absence of Ladoja in court for his proposed re-arraignment.

Olabisi told the court that the accused were invited to the EFCC, but that the duo did not honour the agency’s invitation and also deliberately stayed away from court.

- News 24

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