Former Gov Alao-Akala And Two Others Re-arraigns Over Alleged N11.5bn Fraud


The Economic and Financial Crimes Commission (EFCC) on Monday re-arraigned a former governor of Oyo State, Adebayo Alao-Akala, and two others in an Oyo State High Court sitting in Ibadan over alleged N11.5 billion fraud.

 EFCC’s counsel, Dr B. Ubi, told the court that when Alao-Akala was the governor of Oyo State, he awarded a road contract worth N8.5 billion between 2007 and 2009 to Pentagon Engineering Services.

Ubi alleged that the firm owned by Babalola handled the contract on behalf of the 33 local governments without budgetary provision. The counsel further claimed that Alao-Akala ordered the supply of drilling machines on behalf of the 33 local governments in the state to the tune of N3.5 billion. 

The defendants, however, pleaded not guilty to the charges. Mr Hakeem Afolabi, a Senior Advocate of Nigeria and counsel to Alao-Akala and Babaloa prayed the court to exercise its discretion in granting bail to the defendants. Afolabi said that the charge before the court was not a fresh one but a re-arraignment.

Justice Muniru Owolabi granted the defendants’ prayers and adjourned the case till April 16 for trial.


From the Guardian

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