NEWS UPDATE: Ladoja denies Allegations, defends himself


Following the update on the alleged N4.7 billion money laundering by Ladoja, he defends himself testifying he did no unlawful conversion of funds.

Earlier today, he was arrested by the Economic and Financial Crimes Commission (EFCC) on eight counts of the said amount which belonged to the Oyo state government.


SEE ALSO: Money Laundering: Ex-Oyo Gov Appears in Court


The trial which started in 2008 finally ended on earlier today at the Federal High Court sitting in Lagos.

Ladoja reinstated that he did not authorise the sale of the government shares at a lower price than the original value.


Mr Atanda Adewale, who was his Senior Special Executive Assistant gave a testimony as a witness.


Atanda informed the court of the former governor’s request for him to collect sums of money from stockbrokers and organisations as part of their contribution to Ladoja’s expenses during the same period he was trying to take back on impeachment his seat back in 2006.

The trial judge, Justice Mohammed Idris, appreciated everyone who was involved in the case for cooperating with the court.


The judge told the lawyers in the case that the fiat given to him to come back from the Appeal Court to the High Court, to hear the matter would elapse this Friday.


The matter was adjourned till January 21, 2019, for the adoption of final written addresses in the matter.


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