The Court of Appeal, Lagos Division, on Wednesday reserved judgment in the appeal filed by former Oyo State Governor, Rasheed Ladoja, challenging the propriety of the corruption charges levied against him by the Economic and Financial Crimes Commission (EFCC).
The appellate court arrived at the decision shortly after taking arguments from lawyers in the matter who had argued favourably on behalf of their clients.
Presided over by Justice Sidi Bage, the court had at the last adjournment (November 20, 2012) noted that hearing Ladoja’s appeal will mount more pressure on the court, as each judge had about 10 judgments to deliver.
Ladoja through his counsel, Wole Olanipekun (SAN) had in his appeal filed in March 2010, prayed the court for an order quashing the criminal charge filed against him by the EFCC.
In his notice of appeal, Ladoja contended that the proof of evidence placed before the lower court by the anti-graft agency had no nexus with the charge against him, and did not disclose any prima facie case against him.
He asked the court for a declaration that the EFCC has no power, jurisdiction or authority to prefer any criminal charge against him.
EFCC had arraigned Ladoja before Justice Ramat Mohammed of a Federal High Court, Lagos, in November 2008 alongside one of his former aides, Waheed Akanbi, on an amended 10-count charge of money laundering to the tune of N4.7 billion.
They were said to have conspired to convert properties and resources derived from an illegal act, with the aim of concealing the illicit origin of the properties and resources.
It was further alleged that Ladoja used about N42 million to purchase an Armoured Land Cruiser Jeep, and remitted about £600 thousand pounds to one Bimpe Ladoja in London.
But, the accused pleaded not guilty to the charges and were admitted to bail.