The Economic and Financial Crimes
Commission (EFCC), on Tuesday closed its case against the former Governor of
Oyo State, Rasheed Ladoja, who is being charged with alleged N4.7billion fraud
before a Federal High Court in Lagos.
The EFCC closed its case against
the defendants after his last witness, Abubakar Madaki, was crossed examined by
the defence counsels Bolaji Onilenla and Adeyinka Olumide-Fusika.
Olumide-Fusika, during the
cross-examination, questioned the witness if he was aware that all the mandates
given to Fountain Securities on behalf of Oyo State for the sale of the shares
were signed by the then commissioner for commerce, to which he responded that
he was aware.
Upon the closure of the
prosecution’s case, the defence counsel hinted that they would be filing
applications for no-case submission on behalf of their clients and prayed the
court for an adjournment.
Justice Mohammed Idris then
adjourned the case until September 27 for the adoption of written addresses.
Ladoja was charged alongside a
former Commissioner for Finance in the state, Waheed Akanbi, with conspiring to
siphon and launder N4.7 billion from the coffers of Oyo State Government.
Ladoja was also accused of
removing 600,000 pounds from the state coffers in 2007 and sent to his
daughter, Bimpe, in London.
In addition, the ex-governor was
accused of converting N42 million belonging to the state for his personal use
and subsequently used same to purchase an armored Land Cruiser.
The EFCC added that Ladoja
converted N728 million and N77 million at different times in 2007 for his
personal use and transferred same to Bistrum Investments for the purchase of a
property in Ibadan.
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