A federal high court in Abuja has acquitted Isabella Mimie Oshodin and her company, Bob Oshodin Organisation Ltd, of money laundering charges filed by the federal government. The court ruled that the prosecution failed to prove the case beyond a reasonable doubt.
Oshodin was accused of laundering N22.9 billion linked to the office of former national security adviser Sambo Dasuki.
However, the court held that the prosecution did not establish that the funds were proceeds of unlawful activity or that Oshodin had knowledge of any illegality.
The judge noted that key statements attributed to Oshodin were inadmissible, and the prosecution failed to present credible evidence to support claims that funds were transferred abroad or used to acquire properties cited in the charge. The absence of testimony from Dasuki weakened the case.
The court discharged and acquitted Oshodin and her company of all counts, stating that the prosecution’s case was speculative and failed to establish the offences.
