N11.5 billion Fraud: Court rules ex-Oyo governor Akala, 2 others have case to answer
Justice Olalekan Owolabi of the Oyo State High Court, sitting in Ibadan, has ruled that a former Governor of Oyo State, Adebayo Alao-Akala and two others, have a case to answer in a N11.5 billion fraud case.
Mr Alao-Akala; Hosea Agboola, former Oyo State Commissioner for Local Government and Chieftaincy Matters and Femi Babalola, an Ibadan-based businessman, are facing an 11-count charge of conspiracy, awarding contract without budgetary provision, obtaining money by false pretences, acquiring property with money derived from an illegal act and concealing its ownership.
The defendants had filed a no case submission on the charges levelled against them by the Economic and Financial Crimes Commission (EFCC), after closing its case.
But in his ruling, Mr Owolabi, held that the defendants need to enter defence on the alleged charges.
Mr Owolabi, while overruling on the no case submission, said that the defendants need to enter defence on those charges.
He, however, discharged Alao-Akala on the charges of acquiring property with money allegedly derived from an illegal act and concealing ownership of such property.
The judge said the witnesses called by the prosecutor failed to link evidence to the acquired property, and as well, failed to prove genuine ownership of the property.
Mr Owolabi, therefore, adjourned the case till October 14, October 21 and October 22 for the defendants to open defence.
More from Peoples Gazette
Overzealous SSS officers had attacked journalists’ in court to report the trial.
The Nigeria Customs Service (NCS) has impounded 13 vehicles, 314 bags of imported rice, and other goods, valued at more than N60 million, in Katsina.
Buhari is trying to improve Nigeria’s health system despite frequent London medical trips, says health minister Mamora as he begs medical doctors to call off their strike.
The disgraced police commissioner was suspended on Saturday.
Amid disarray, the PDP Governors’ Forum has appealed to its members and stakeholders to remain calm following Tuesday’s resignation of seven PDP national officers.
The Central Bank of Nigeria (CBN) has released guidelines for establishing and regulating Payments Service Holding Companies in Nigeria.