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LAGOS, Aug 8 (Reuters) - Nigeria's government has asked a court to withdraw its case against seven local banks over the non-remittance of $793 million due to the state, the government lawyer told the court on Tuesday.
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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.
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The Rayas also had long-running battles with their longtime rivals, the Bijapur Sultans, and with the Nayaks of Madurai and the Gingee over non-remittance of annual tributes. In the 1640s, during the reign of Sriranga Raya III, the fort was briefly captured by the Bijapur army, but was eventually recaptured with the help of the Nayaks of Tanjore. During Sriranga Raya's reign in 1614, a coup broke out within the royal family and the reigning Emperor Sriranga Raya and his royal family were murdered by the rival factions of the royal family, with the younger son Rama Deva Raya of the emperor smuggled out from the fort by supporting factions of the emperor. These events led to the Battle of Toppur in 1616, one of the largest South Indian wars of the century.
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