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N11.5 Billion Fraud: Court Rules Ex-Oyo Governor Akala, 2 others have Case to Answer

Justice Olalekan Owolabi of the Oyo State High Court, sitting in Ibadan, has ruled that a former Governor of Oyo State, Adebayo Alao-Akala and two others have a case to answer in an N11.5 billion fraud case.

The defendants had filed a no-case submission on the charges levelled against them by the Economic and Financial Crimes Commission (EFCC), after closing its case.

Former Governor, Alao-Akala; Hosea Agboola, former Oyo State Commissioner for Local Government and Chieftaincy Matters and Femi Babalola, an Ibadan-based businessman, are facing an 11-count charge of conspiracy, awarding contract without budgetary provision, obtaining money by false pretences, acquiring property with money derived from an illegal act and concealing its ownership.

In his ruling, Justice Owolabi held that the defendants need to enter defence on the alleged charges.

While overruling on the no-case submission, the Presiding said that the defendants need to enter defence on those charges.

He, however, discharged Alao-Akala on the charges of acquiring property with money allegedly derived from an illegal act and concealing ownership of such property.

The judge said the witnesses called by the prosecutor failed to link evidence to the acquired property, and as well, failed to prove genuine ownership of the property.

He therefore, adjourned the case till October 14, October 21 and October 22 for the defendants to open defence.

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