BREAKING NEWS: Court dismisses fraud charges against Princess Toyin Kolade

A federal High Court sitting in Lagos has dismissed the fraud charges filed against the Iyalaje Oodua of Yoruba race, Princess Toyin Kolade.

The businesswoman 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 by false pretences.

Princess Toyin had since distanced herself from the $32m fraud allegations, insisting that she had been fully exonerated by the Police Special Fraud Unit (SFU), which wrote to her and her company and even pleaded with her after discovering she was falsely accused.

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.

Kolade explained that she was contacted by the foreign nationals to clear some goods on their behalf, as a clearing agent, which she did and got paid for the services her company rendered. According to her, the Indian nationals, who supposedly got loans from the bank to carry out their business activities, at no point involved her in their dealings with the bank which was now an issue of contention.

The business woman while speaking to journalists after the court ruling on Friday, however disclosed that the said bank had withdrawn their charges against her. She also thanked everyone who stood by her while the court case lasted, including those who showed up at the court premises.