The Court of Appeal in Lagos has reserved judgment on the appeal filed by former Governor of Oyo State, Rashidi Ladoja, asking the court to quash the allegation of money laundering involving about N4.7bn instituted against him by the Economic and Financial Crimes Commission.
Ladoja had filed the appeal against the decision of a Federal High Court, Lagos which refused to quash the 10 counts of money laundering preferred against him 2008.
The appellate court said on Wednesday, after hearing opposing arguments canvassed by Ladoja and the EFCC, that the date for the judgment would be communicated to the parties.
Ladoja had argued that the proof of evidence accompanying the charges instituted before the trial court failed to link him with the alleged crime, adding that it did not establish any prima facie case against him.
The former governor prayed the appellate court to reverse the ruling of the Federal High Court and quash the charges.
EFCC had in November 2008, arraigned Ladoja along with his former aide, Chief Waheed Akanbi, on an amended 10 counts of money laundering involving about N4.7bn.
They were arraigned before Justice Ramat Mohammed, who was then serving at the Lagos Division of the Federal High Court.
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