Chief Adebayo Alao-Akala
Mr Ayatudeen Ahmed, a witness in an alleged N11.5 billion fraud suit against former Gov. Adebayo Alao-Akala of Oyo State and two others, on Friday, said there was no document indicating that one of the defendants, Olufemi Babalola, received kickbacks from contractors.
Ahmed, who was part of the team that investigated the alleged fraud suit against the defendants, disclosed this on Friday while testifying before an Oyo State High Court, sitting in Ibadan.
The News Agency of Nigeria (NAN) reports that Alao-Akala, Babalola, a businessman, and Hosea Agboola, a former Commissioner for Local Government and Chieftaincy Matters, are being prosecuted by EFCC over an alleged N11.5 billion fraud.
The defendants are facing 11 counts bordering on conspiracy, fraud, award of contract without budgetary provision
A witness in an alleged N11.5 billion fraud suit against former Governor Adebayo Alao-Akala of Oyo State, Mr Ayatudeen Ahmed, on Friday, said there was no document indicating that one of the defendants, Olufemi Babalola, received kickbacks from contractors.
Ahmed, who was part of the team that investigated the alleged fraud suit against the defendants, disclosed this on Friday while testifying before an Oyo State High Court, sitting in Ibadan.
Alao-Akala; a businessman, Femi Babalola; and a former Commissioner for Local Government and Chieftaincy Matters, Hosea Agboola, are being prosecuted by the Economic and Financial Crimes Commission over an alleged N11.5 billion fraud.
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(AFRICAN EXAMINER) – Kenechukwu Agu is an Electrical/ Electronics Engineer. He is also the Chief Executive Officer (CEO), EvanPower Engineering limited. In this interview with Our Correspondent,
Ignatius Okpara, he spoke on how his Blueprint, which he referred to as his intellectual property was alledgdly “stolen” by Heineken via the Nigerian Breweries. The Blueprint which he invented some years ago and won the approval of the Nigeria Electricity Regulatory Commission NERC was to be deployed to solve power challenges in the country, especially the high tariff, energy theft among others. The development had since derailed the project whose pilot scheme was to begin with the Enugu Electricity Distribution Company, (EEDC).
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Here is the first rule before Omooba Yemisi Shyllon’s stately presence: the interviewer, poised with his pen and notebook, must have his wits about him. Otherwise, chances are that he risked losing the thread of this conversation. For it is the portly 68-year-old’s stock in trade to be both eclectic and encyclopaedic in his discussion of any subject matter. True, his renown as Nigeria’s – if not Africa’s – leading art patron may be more often talked about in the media. Still, his polymathic credentials – burnished by his membership of the Nigerian Bar Association as well as his being a fellow of such professional bodies as the National Institute of Marketing of Nigeria, Institute of Directors- Nigeria, Nigerian Institute of Management, Chartered Institute of Stock Brokers, Nigerian Society of Engineers and the Chartered Institute of Marketing of the UK – tend to assert themselves in the course of a prolonged conversation.