The court presided over by Stephen Pam gave the ruling on Wednesday. It declared that the allegations against the accused lacked in merit.
The court also ordered the prosecution, the EFCC, to refund the sums of money retrieved from the accused persons, in the course of the investigation.
In a statement, Wednesday evening, by its acting media assistant, Tony Orilade, the EFCC confirmed the ruling.
It added that it would appeal the ruling.
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