Later Career
On 28 August 2008, Ladoja was arrested by the Economic and Financial Crimes Commission (EFCC) over allegations of non-remittance of the proceeds of sale of government shares totaling N1.9 billion during his administration. He was briefly remanded in prison by the Federal High Court in Lagos on 30 August 2008. He was granted bail on 5 September in the amount of 100 million naira with two sureties for the same sum. In March 2009, a former aide testified on the way on which the share money had been divided between Ladoja's family, bodyguard, senior politicians and lawyers.
In November 2009, Ladoja tried to persuade the local government chairmen sacked by his successor to withdraw a legal action they had started over their dismissal. This was said to be an attempt to make a deal that would result in a reduction of Ladoja's sentence. However, 17 of the chairmen refused to withdraw their suit, saying "justice must be done".
Ladoja is currently the governorship candidate for Accord party in Oyo State, he is set to challenge the incumbent governor, Adebayo Alao Akala.
Read more about this topic: Rashidi Adewolu Ladoja
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