Justice Mohammed Idris of a Federal High Court, Lagos, on Friday discharged and acquitted former Gov. Rasheed Ladoja of Oyo State of N4.7 billion fraud charge preferred against him by the Economic and Financial Crimes Commission.
Ladoja was charged by the Economic and Financial Crimes Commission (EFCC) with converting N4.7billion 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.
The evidences in the trial closed on Nov. 17, after Ladoja had given his evidence before the court.
