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Police Withdraws Alleged Fraud Case Against Loft & keys’ CEO Austin Albert, Other

Abdulah Wahab by Abdulah Wahab
September 18, 2026
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The office of the Inspector-General of Police has filed a notice of withdrawal in the criminal charge filed against the Chief Executive Officer of Loft & Keys Limited, Mr. Austin Albert and one other before the Federal High Court sitting in Lagos.

The withdrawal notice in an amended charge marked FHC/LAG/CR/388/2026, filed before Hon. Justice Ahmed Ibrahim Kala have Albert and Jinadu Musbau Olalekan  listed as first and second defendants.

The police, in the notice of withdrawal and discontinuance dated July 24, 2026, stated that it was withdrawing the charge against all the defendants.

The notice of withdrawal according to the police is pursuant to Section 108 of the Administration of Criminal Justice Act, 2015, and under the inherent jurisdiction of the court, stated that the decision followed the emergence of “certain facts” while the case was pending.

The notice therefore stated that the complainant was withdrawing and discontinuing the case against the defendants generally, while it did not disclose the specific issues that prompted the decision.

The development effectively brings the present charge to an end for the time being, although the wording of the notice indicates that further findings are contemplated.

The notice of withdrawal reads: “Notice Of Withdrawal And Discontinuance Brought Pursuant To Section 108 Of The Administration Of Criminal Justice Act, 2015 And Under The Inherent Jurisdiction Of This Court

“Notice is hereby given of the prosecutor’s withdrawal of this charge generally against the defendants in view of the fact that while the charge was pending, certain facts emerged that requires the withdrawal and discontinuance of the matter for further findings.

“Hence, the Complainant hereby withdraws and discontinue this case against the Defendants generally pending the outcome of the findings please.”

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© 2026 Published by SWAAYA LIMITED, Plot 20, Block G, Scheme 1, Residential 3, OPIC Beachland Estate, Lagos/Ibadan Expressway, Lagos. Gabriel Akinadewo, MD/CEO 08023010222, 08094000056, 08052097814.