The Economic and Financial Crimes Commission 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 N11.5bn fraud.
The News Agency of Nigeria reports that the other defendants are a former Oyo State Commissioner for Local Government and Chieftaincy Matters, Senator Hosea Agboola; and an Ibadan-based businessman, Femi Babalola.
The defendants are facing 11 counts bordering on conspiracy, awarding a contract without budgetary provision, obtaining by false pretences, acquiring property with money derived from an illegal act and concealing the ownership of such property, among others.
The 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 N8.5bn between 2007 and 2009 to Pentagon Engineering Services.
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