Police File Withdrawal Notice In Alleged Fraud Case Involving Loft & Keys’ CEO, Austin Albert

The office of the Inspector-General of Police has filed a notice of withdrawal in the criminal charge brought against Loft & Keys Limited’s Chief Executive Officer, Austin Albert, and another individual before the Federal High Court sitting in Lagos.

This withdrawal affects an amended charge marked FHC/LAG/CR/388/2026, filed before the court and presided over by Justice Ahmed Ibrahim Kala, in which Albert and Jinadu Musbau Olalekan are listed as first and second defendants.

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

According to the police, the notice was issued under Section 108 of the Administration of Criminal Justice Act, 2015, and under the court’s inherent jurisdiction. It was indicated that the decision was taken after “certain facts” emerged while the case was still pending.

The notice further stated that the complainant was withdrawing and discontinuing the case against the defendants generally, though it did not specify the particular issues that led to this decision.

This development effectively halts the current charges for now, although the notice’s wording suggests further investigations are anticipated.

The notice of withdrawal states: “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 require the withdrawal and discontinuance of the matter for further findings.

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

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18th September 2026
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