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Alleged N2.5bn Fraud: Court Acquits Stella Oduah, Orders Conviction, Winding-Up of Two Firms

A Federal Capital Territory (FCT) High Court on Thursday discharged and acquitted former Minister of Aviation, Stella Oduah, of all charges in the alleged N2.5 billion fraud case.

The ruling, delivered by Justice Muazu on March 26, 2026, followed an application by the Director of Public Prosecutions, Rotimi Oyedepo, who amended the original charge before the court.

Under the revised charge, two firms—Sobora International Limited and Global Offshore and Marine Limited—were listed as defendants. Representatives of both companies entered guilty pleas, prompting the prosecution to seek their conviction and subsequent winding-up, a request that was not opposed by the defence.

The court consequently convicted the two companies and ordered that they be wound up in accordance with the law.

Counsel to Oduah, Onyechi Ikpeazu (SAN), successfully applied for her discharge, which the court granted. Similarly, Wale Balogun (SAN), representing the second defendant, Gloria Odita, secured the discharge of his client.

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The case, initially filed in December 2020, has now been formally concluded.

The convicted companies were charged under Section 319A of the Penal Code Act, Cap 532, Laws of the Federal Capital Territory, 2006. Legal observers noted that the case carried political undertones, expressing hope that the ruling would bring closure and allow all parties to move forward.

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