How Ladoja Sent £600,000 To Daughter, Bimpe, In London — Witness Reveals

THE trial of a former Governor of Oyo State, Chief Rashidi Ladoja, for alleged N4.7bn fraud continued, yesterday, with the read more........
prosecution witness narrating to the court how the ex-governor sent £600,000 to his daughter, Bimpe, in London sometime in 2007.
The prosecution witness, Mr. Adewale Atanda, who was then Senior Special Executive Assistant to Ladoja, told the court that the money was part of a sum of N634m, which some stockbrokers contributed to prevent Ladoja’s impeachment. He was however impeached eventually.
According to him, the ex-governor had earlier instructed the sale of some shares belonging to Oyo State Government to the said stockbrokers who later contributed N634m to fight his impeachment.
The N634m, Atanda said, was part of the commission and profit realised by the stockbrokers.
The witness said the N634m was delivered to him by the stockbrokers, adding that he had to first remove about N180m, which he had earlier borrowed and spent on Ladoja’s instructions during the heat of the impeachment saga.
Part of the N180m, he said, was the N80m he obtained from Wema Bank Plc, which Ladoja used to purchase 22 vehicles for Oyo State lawmakers to prevent his impeachment.
Another was a loan of N80m, which he (Atanda) obtained from Lagoon Savings and Loans for the purpose of buying for Ladoja a property known as Quarters 361, which the Oyo State Government put up for sale. Another was N13.8m which Ladoja used to buy two Land Cruiser vehicles for the state security personnel for his protection. Atanda said having deducted the N180m which he borrowed on Ladoja’s behalf, he distributed the balance of the N634m according to Ladoja’s instructions.