A Federal High Court in Abuja has acquitted and discharged Mrs. Isabella Mimie Oshodin and Bob Oshodin Organisation Ltd of all counts in a high-profile money laundering case, declaring that the prosecution failed to prove the allegations beyond reasonable doubt.

In his judgement, Justice James Kolawole Omotosho held that the prosecution did not establish the essential elements of the offences against the defendants.

The defendants faced 15 counts, including conspiracy to commit money laundering, transferring large sums of money allegedly derived from unlawful acts, and possession of funds linked to criminal breach of trust. The prosecution also alleged that some of the funds were used to purchase property in the United States.

In his judgement, Justice Omotosho noted that the prosecution failed to provide sufficient evidence proving the defendants’ knowledge or intent regarding any unlawful activities.

Key statements from Mrs. Oshodin were ruled inadmissible because they were neither electronically recorded nor taken in the presence of her legal counsel, in violation of the Administration of Criminal Justice Act, 2015.