$40M Fraud: EFCC to Appeal Azibaola’s Acquittal

Matilda Omonaiye/

The Economic and Financial Crimes Commission (EFCC) has described as unfortunate the acquittal of Robert Azibaola, a cousin to the former president, Goodluck Jonathan, who was charged for $40 million (N14.4Billion) fraud before Justice Nnamdi Dimgba.

The EFCC expressed concern that despite the weight of evidence brought before the Court and witnesses presented, Justice Dimgba held that, “the prosecution must show directly how the defendant took possession of funds and knew that it forms part of proceeds of corruption”.

In a statement issued by EFCC’s spokesman, Tony Oriade, the anti-graft agency says, “Invariably, the Commission’s legal team will be studying the judgement thoroughly and will be taking necessary actions to appeal it as we hope that the appellate court shall view the merit of the prosecution and do justice to the case.”