Court clears Ladoja of N4.7bn fraud case

Former Oyo State Governor, Rashidi Ladoja, has been cleared of allegations of N4.7billion fraud.

Justice Mohammed Idris of a Federal High Court in Lagos ruled on Friday.

The judgement comes after the prosecution and defence had adopted their final written addresses and made closing arguments on January 21.

Mr Ladoja was originally charged in 2008. The Economic and Financial Crimes Commission (EFCC) then re-arraigned him on November 5, 2018 after an amendment to the charge.

Justice Idris is the third judge to handle the case after Justices I. M. Sanni and A. R. Mohammed.

The former governor, alongside his former Commissioner for Finance, Waheed Akanbi, was re-arraigned on 11 counts of money laundering and unlawful conversion of public funds.