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Senator Rashidi Ladoja

EFCC re-arraigns Rashidi Ladoja over N4.7bn money laundering.

The Economic and Financial Crimes Commission, EFCC, yesterday re-arraigned former Oyo state governor, RASHIDI LADOJA before a Federal High Court, Lagos, over 4.7 billion Naira alleged money laundering.

Wednesday’s arraignment occurs eight years after the former Oyo governor was first charged.

LADOJA is charged alongside his former aide, WAHEED AKANBI, on eight counts bordering on the alleged offence, both pleaded not guilty to the charges.

After their pleas, the prosecutor, OLUWAFEMI OLABISI, asked the court to fix a date for commencement of trial, to which the defence counsel, BOLAJI ONILENLA and ADEYINKA OLUMIDE-FUSIKA, informed the court of their clients’ bail applications.

ONILENLA, urged the court to allow his client continue on the bail conditions earlier granted him in 2008 by Justice A.R. MOHAMMED, submitting that the first accused had kept good faith with the terms and conditions of the bail and that there was no single incidence of default.

Ruling on the matter,  Justice MOHAMMED IDRIS held that the court could not deny the accused bail on account of exercise of their constitutional rights of appeal, resulting in the delay of the case thereby  allowing the accused to continue with the bail as granted by Justice A.R. MOHAMMED.

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