N11.5billion Fraud: Court adjourns Alao-Akala’s trial

Posted by Yinka Adeniran, Ibadan | 5 June 2018 | 1,110 times

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•Adebayo Alao-Akala

An Oyo State High Court sitting in Iyaganku, Ibadan, on Monday, adjourned the ongoing trial of a former governor of the state, Chief Adebayo Alao-Akala and two others for alleged N11.5billion fraud to June 29 and July 3.

The Economic and Financial Crimes Commission (EFCC) failed to produce witnesses in court during Monday’s sitting.

In the proceedings which took place at Court 15 and presided over by Justice Muniru Owolabi the court also dismissed the defendants’ application for stay of proceedings pending the outcome of an appeal at the Supreme Court.

Other defendants in the matter are former Commissioner for Local Government and Chieftaincy Matters in the state, Senator Hosea Agboola and Chief Executive Officer of Pentagon Consults, Mr. Olufemi Ademola Babalola.

They were arraigned on 11-count charge of conspiracy, awarding contract without budgetary provision, obtaining money by false pretence, acquiring property with money derived from illegal acts and concealing the owner of such property, among others.

The accused pleaded not guilty to the charges. (The Nation)


Source: News Express

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