Now revealed, the secret refund of N500 Million loot of Former Oyo Governor Rasheed Ladoja to state Coffers - LiveTimes Online

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Friday, 10 April 2015

Now revealed, the secret refund of N500 Million loot of Former Oyo Governor Rasheed Ladoja to state Coffers


Image result for Now revealed, the secret refund of N500 Million loot of Former Oyo Governor Rasheed Ladoja to state Coffers

The secret refund of the said stolen fund of N500millions naira by former Oyo state governor and current gubernatorial candidate of the Accord Party, Senator Rasheed Ladoja, to the state treasury after he was accused by the Economic and Financial Crimes Commission (EFCC) in 2008 of converting shares belonging to Oyo state government to personal use.

According to documents and duplicates of cheques obtained by SaharaReporters, the monies were refunded first to the EFCC between 2008 and 2013.

Controversy as to the status arose because the Economic and Financial Commission did not disclose the specific accused persons from whom the refunds were extracted prompting the attorney general of Oyo state to send a letter to the anti-graft agency on April 1st 2015 asking for specifics relating to accused persons from whom monies looted from the state was recovered.


The letter also obtained by SaharaReporters claimed that at least two vehicles were recovered from the former governor.

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