EFCC re-arraigns Alao-Akala, two others for alleged N11.5b fraud
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THE Economic and Financial Crimes Commission (EFCC) has re-arraigned former Oyo State Governor Adebayo Alao-Akala and two others in the State High Court sitting in Ibadan over alleged N11.5 billion fraud.
Other defendants are: a former Commissioner for Local Government and Chieftaincy Matters, Senator Hosea Agboola and an Ibadan-based businessman, Femi Babalola.
The defendants are facing an 11-count charge of conspiracy, awarding contract without budgetary provision, obtaining by false pretence, acquiring property with money derived from illegal act and concealing the ownership of such property, among others.
EFCC’s counsel Dr. B. Ubi told the court that when Alao-Akala was the governor, he awarded a road contract worth N8.5 billion between 2007 and 2009 to Pentagon Engineering Services.
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