Justice Mohammed Idris of a Federal High Court in Lagos on Friday discharged and acquitted former Gov. Rasheed Ladoja of Oyo State charged with N4.7 billion fraud.
Idris also discharged and acquitted Mr Waheed Akanbi, Commissioner for Finance during Ladoja’s tenure.
Akanbi was charged along with Ladoja.
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.
Ladoja was re-arraigned by the Economic and Financial Crimes Commission (EFCC), alongside Waheed Akanbi, on an 11-count charge of money laundering and conversion of N4.7billion from Oyo State treasury to his personal use.
“EFCC shielded the main culprits from prosecution and meted “absolute injustice” to the defendants."
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