Justice Yargata Nimpar, who read the decision of the court, said the High Court which tried him, did not properly evaluate the evidence before it.

The Federal High Court, Lagos, on May 20, 2016,  presided by Justice Rita Ofili-Ajumogobia, sentenced Omatseye to five years in jail over an alleged 1.5 billion contract scam.

Nimpar said:  "The prosecution should not ride roughshod over the Constitution.

"The judiciary will do the war on corruption more harm by declaring someone a criminal, where no offence has been committed

"I find merit in the appeal. The conviction is hereby set aside and the appellant is hereby discharged and acquitted."

The High Court had found Omatseye  guilty of 24 out of the 27 charges brought against him by the Economic and Financial Crimes Commission.

This adds to the long list of cases the EFCC has failed to secure convictions since it began the anti-corruption campaign masterminded by the presidency.

Last month, the anti-graft agency lost its case against Justice Ademola and his wife for lack of substantial evidence.