12 February 2013

Nigeria: EFCC to Release N700 Million Propety, Cash Recovered From Ladoja, Others - Commissioner

The Oyo State Government has asked the Economic and Financial Crimes Commission (EFCC) to release to it more than N700 million cash and property seized from former Gov. Rashidi Ladoja and others

The government also called on the anti-corruption agency to expedite action on the trial of former Gov. Adebayo Alao-Akala and other co-accused over misappropriation of state funds and resources.

The requests were part of the resolutions adopted at the State Executive Council meeting held in Ibadan on Tuesday, the Commissioner for Information, Mr Taiwo Otegbeye, said in a statement.

The government said the money and property recovered by the agency were still outstanding.

The government said it was demanding the refund to enable it to use the money for the execution of development projects.

It commended EFCC for "investigating, arresting and prosecuting the two former governors for offences relating to misappropriation and conversion of the state funds and resources" but noted that the trials of the former governors had yet to begin.

The government asked the commission to release money and property, including vehicles allegedly bought with the seized funds for some family members by the accused.

"The council pledges the support and cooperation of the Oyo State Government to EFCC in its task of ridding the country of corruption," the statement said.

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