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The Economic and Financial Crimes Commission (EFCC) yesterday re-arraigned a former Governor of Oyo State, Chief Rashidi Ladoja, over alleged N4.7 billion fraud at the Federal High Court, Lagos.
He was re-arraigned alongside Waheed Akanbi.
The EFCC claimed that Ladoja and Akanbi committed the offence sometime in 2007.
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The charge was filed against them in 2008 and they were first arraigned before Justice A.R. Mohammed eight years ago.
Their re-arraignment before Justice Mohammed Idris followed the dismissal of their interlocutory appeal against the charges which went all the way to the Supreme Court over a period of seven years.
The eight counts pressed against them by the EFCC bordered on money laundering and unlawful conversion of funds belonging to Oyo State to their own.
