Court discharges, acquits former Gov. Ladoja of N4.7bn fraud charge

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A Federal High Court, Lagos, on Friday discharged and acquitted former Gov. Rasheed Ladoja of Oyo State of corruption charges.

The News Agency of Nigeria reports that the ruling was given by Justice Mohammed Idris.

Mr Ladoja faced N4.7 billion fraud charge preferred against him by the Economic and Financial Crimes Commission.

Mr Ladoja became governor of Oyo State on May 29, 2003 as a member of the Peoples Democratic Party.

He was impeached in January 2006, but reinstated in December 2006. Mr Ladoja’s term ended in 2007.

The judge said Mr Ladoja was cleared because the case against him was “too low on credible evidence”, the Punch reported.

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News Agency of Nigeria (NAN) is a news reporting agency owned and run by the Federal Government of Nigeria just like Nigerian Television Authority.[1] On 10 May 1976 the agency was founded and established by Onitsha noble Onuora Nzekwu who was its first official Managing Director and Chief Editor. On 2 October 1978 its operations began.[2][3] NAN provides General News Service to subscribers in three bulletins published daily. The agency’s website www.nan.ng was launched on 8 August 2016, to offer news to the worldwide audience interested in news primarily about Nigeria, Africa’s most populated country. The current Managing Director of NAN is Bayo Onanuga.

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