The Economic and Financial Crimes Commission ((EFCC) has told the Federal High Court in ikoyi, Lagos, how Rasheedi Ladoja, a former Governor of Oyo State, allegedly stole part of the state’s shares.
The EFCC’s witness, Mr Abubakar Madaki, said on Wednesday that the commission discovered that Quarter 361, a residential apartment allegedly owned by Ladoja, was purchased by one Atanda on behalf of the former Governor, with the proceeds of shares from Heritage Apartments.
Madaki, also an operative of the EFCC, gave the testimony at the trial of Ladoja and a former Commissioner for Finance in the state, Waheed Akanbi — both standing trial over N4.7billion fraud.
The witness further told the court that investigations were extended to the Corporate Affairs Commission (CAC) to unravel the identity of another company named Bistrum Investment Ltd, which was also used in the…
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