Alleged N4.7 billion fraud: Court declares former Oyo State governor, Rasheed Ladoja ‘Not Guilty’ of all 11 counts


The Federal High Court in Lagos has declared former Governor of Oyo State, Rasheed Ladoja and a former Commissioner for Finance, Waheed Akanbi, not guilty of the N4.7 billion fraud allegations levelled against them by the EFCC.


At the hearing of the case on Friday February 8, Justice Mohammed Idris stated that the prosecution was not consistent with the amount of money missing from the sale of the Oyo State Government’s shares.


The court, thereafter, found them not guilty of all the 11 counts.