These are the best of times for Princess Toyin Kolade as a Federal High Court sitting in Lagos has struck out the N32.6 billion charge preferred against her.

The presiding Judge, Peter Lifu threw out the charge sequel to a withdrawal application made by the Attorney-General of the Federation AGF.

Counsel from the office of the AGF, Pius Akutah applied to withdraw the charge as a result of a letter from the nominal complainant Access Bank Plc.

Counsel to Princess Toyin Kolade, Barrister Dele Adesina (SAN) commended the conduct of the prosecution as being a professional one by withdrawing the charge after objection is been raised.

Counsel to other defendants, Dada Awosika (SAN) also commended the prosecution on the withdrawal but he urged the court to dismiss the charge and acquit the defendants because the charge flows from a business transaction.

For those who don’t know, Princess Toyin Kolade was charged alongside six others before the court by the Office of the Attorney-General of the Federation (AGF) in a charge marked FHC/L/407c/2019, for allegedly obtaining the aforementioned sum by false pretense.

Others charged alongside the businesswoman are four Indian nationals, Prem Garg, Devashish Garg, Bhagwan Simgh Rawat and Mukul Tyagi, as well as two Britons, Marcus Wade and Andrew Fairie, said to be at large.

Also, four companies, namely Metal Africa Steel Products Limited, Wilben Trade Limited, Kannu Aditya India Limited, as well as the socialite’s business, Fisolak Global Resources Limited, were also charged before the court for the same offences.