Efcc re arraigns alao akala 2 others alleged n11 5bn fraud

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EFCC Rearraigns Alao-Akala, 2 Others Over Alleged N11.5bn Fraud

The Economic and Financial Crimes Commission (EFCC) has rearraigned a former Governor of Oyo State, Christopher Alao-Akala, and two others over alleged N11.5 billion fraud.

The three defendants, Alao-Akala, a former Commissioner for Local Government and Chieftaincy Matters, Senator Hosea Agboola, and a former Permanent Secretary, Mr. Joseph Tegbe, were first arraigned in 2013 on a 33-count charge of fraud.

However, the case was stalled due to various reasons, including the death of one of the judges handling the case, Justice Ayo Salami, who was later elevated to the Court of Appeal.

The EFCC has now rearraigned the defendants before Justice Muniru Sulaiman of the Federal High Court in Ibadan, Oyo State.

The EFCC alleged that the defendants conspired to commit the fraud between 2007 and 2009, when Alao-Akala was the Governor of Oyo State.

The anti-graft agency alleged that the defendants diverted N11.5 billion meant for the payment of salaries of local government workers in the state.

The EFCC also alleged that the defendants laundered the funds through various means, including the purchase of properties and shares in companies.

The defendants have pleaded not guilty to the charges.

The case has been adjourned to October 14, 2021, for further hearing.

Source: Punch Newspapers