Alleged N6.9bn Fraud: Court Adjourns Ex Ekiti Gov. Fayose’s Money Laundering Trial Till Feb 21

Date: 26-01-2024 2:09 pm (1 year ago) | Author: onuigbo felicia
- at 26-01-2024 02:09 PM (1 year ago)
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The money laundering trial of a former governor of Ekiti State, Ayodele Fayose, could not proceed on Friday before the Federal High Court in Lagos as the court did not sit.

The judge, Justice Chukwujekwu Aneke, is said to be away on official assignment.

At the last adjourned date, the matter was slated for Jan. 26, Feb. 21, and Feb. 22 for trial.

Fayose is being prosecuted by the Economic and Financial Crimes Commission (EFCC) for alleged N6.9 billion fraud and money laundering.

He was first arraigned on October 22, 2018, before Justice Mojisola Olatotegun, alongside his company, Spotless Investment Ltd., on 11 counts bordering on fraud and money laundering.

He, however, pleaded not guilty to the charges and was granted bail on October 24, 2018, in the sum of N50 million with sureties in like sum.

The defendant was, however, re-arraigned before Justice Chukwujekwu Aneke on July 2, 2019, after the case was withdrawn from Olatoregun following a petition by the EFCC.

Fayose equally pleaded not guilty before Aneke, who allowed him to continue on the bail granted him by Olatoregun.

The EFCC has since opened its case before Aneke and is a leading witness in evidence.

According to the commission, on June 17, 2014, Fayose and one Abiodun Agbele took possession of N1.2 billion to fund his gubernatorial election campaign in Ekiti.

The commission alleged that the sum formed part of the crime proceeds.

Fayose was also alleged to have received a cash payment of five million dollars from the then Minister of State for Defence, Sen. Musiliu Obanikoro, without going through any financial institution.

The EFCC also alleged that the former governor retained N300 million in his bank account and took control of the aggregate sums of about N622 million, which formed part of the crime proceeds.

It added that Fayose procured De Privateer Ltd. and Still Earth Ltd. to retain aggregate sums of N851 million, which formed part of crime proceeds.

The commission also accused Fayose of using about N1.6 billion in crime proceeds to acquire property in Lagos and Abuja.

The former governor also allegedly used N200 million in crime proceeds to acquire a property in Abuja in the name of his elder sister, Moji Oladeji.

The alleged offences contravene Sections 15(1), 15(2), 15(3), 16(2)(b), 16(d), and 18(c) of the Money Laundering Prohibition Act, 2011.

Posted: at 26-01-2024 02:09 PM (1 year ago) | Addicted Hero
- gogoman at 26-01-2024 04:58 PM (1 year ago)
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of course!! those foolish fat black judges with ugly wives can outrightly jail a Yahoo boy without physical complainant at the court and without adjouring the case!! WHY?  Roll Eyes Roll Eyes Roll Eyes
Posted: at 26-01-2024 04:58 PM (1 year ago) | Grande Master
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- OmoNobaUku at 26-01-2024 06:34 PM (1 year ago)
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Please stop these needless adjournments. Remember, justice delayed is justice denied.
Posted: at 26-01-2024 06:34 PM (1 year ago) | Gistmaniac
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