The Justice Mohammed Idris-led Federal High Court sitting in Lagos has, Friday, declared former Governor of Oyo State, Rashidi Ladoja and a former Commissioner for Finance, Waheed Akanbi, not guilty of the N4.7 billion fraud allegations levelled against them by the Economic and Financial Crimes Commission, EFCC.
Justice Mohammed Idris, while delivering the judgment, held that the Economic And Financial Crimes Commission did not provide enough evidence to against Ladoja.
The judge therefore, discharged and acquitted them.
Ladoja was charged by the Economic and Financial Crimes Commission (EFCC) with converting N4.7 billion from the State’s treasury to his personal use.
He was re-arraigned along with Akanbi, his former Commissioner for Finance on 11 counts charge of money laundering and unlawful conversion of public funds.
They had pleaded not guilty to the charges, and were granted bails.
But at the resumed hearing today, the judge set the duo free, ruling that the anti-graft agency could not supply enough evidence to nail them.
