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N4.7bn Fraud: EFCC Wants Court To Order Ladoja’s Arrest

N4.7bn Fraud: EFCC Wants Court To Order Ladoja’s Arrest

The Economic and Financial Crimes Commission (EFCC) yesterday urged a Federal High Court in Lagos to issue a bench warrant against Rashidi Ladoja, a former governor of Oyo State, for refusing to show up in court over a N4.7 billion money laundering charge instituted against him by the Commission.
Ladoja was scheduled for arraignment before the court yesterday alongside his ex-aide, Chief Waheed Akanbi, following his failure to quash the 10 counts charge preferred against him.
The former governor had through his former lawyer, Chief Wole Olanipekun (SAN), appealed against the decision of a Federal High Court in Lagos which refused to quash the charge.
The appellate court in a judgment delivered by Justice Sidi Bage rejected the appeal and ordered the former governor to continue his trial at the lower court.
Justice Bage in his lead judgment had unanimously adopted by other two justices held that the EFCC had the power to prosecute under Money Laundering Prohibition Act 2004.


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