A Federal High Court in Lagos today struck out the N32.6illion charge preferred against Toyin Kolade, Iyalaje Oodua.
The Iyalaje Oodua is a high-ranking chief of the palace of the Ooni of Ife.
The presiding Judge, Peter Lifu, threw out the charge following a withdrawal application made by the Attorney-General of the Federation, AGF.
Counsel from the office of the AGF, Pius Akutah, applied to withdraw the charge as result of a letter from the nominal complainant, Access Bank Plc.
Dele Adesina, a senior advocate of Nigeria, SAN, who is Counsel to Princess Kolade, commended the conduct of the prosecution as being professional one by withdrawing the charge after objection had been raised.
Dada Awosika SAN, Counsel to other defendants, also commended the prosecution on the withdrawal but he urged the court to dismiss the charge and acquit the defendants because the charge flowed from a business transaction.
Justice Lifu in his ruling said that since the case was not heard on its merit but merely withdrawn before trial commenced, the appropriate order to make is to strike it out.
“Accordingly, the charge is hereby struck out and the defendants are hereby discharged,” he ruled.
The Iyalaje Oodua was charged alongside six others before the court by the Office of the Attorney-General of the Federation, AGF, in a charge marked FHC/L/407c/2019, for allegedly obtaining the aforementioned sum under false pretense.
Others charged alongside the businesswoman are four Indian nationals, Prem Garg, Devashish Garg, Bhagwan Simgh Rawat and Mukul Tyagi, as well as two Britons, Marcus Wade and Andrew Fairie, said to be at large.
Also, four companies – Metal Africa Steel Products Limited, Wilben Trade Limited, Kannu Aditya India Limited, as well as the socialite’s business outfit, Fisolak Global Resources Limited, were charged before the court for the same offence.
The business tycoon in the mood of jubilation, thanked God for sustaining her throughout the challenging period of the court processes.
Also, she thanked the legal team which comprised a top legal luminary, Dele Adesina, SAN, Olapade Awowole and Bimpe Ajegbomogun Sanusi for their doggedness.