Alleged N6.9Billion Fraud: Court docket fixes date to resume ragged Ekiti governor, Fayose’s trial

alleged-n6.9billion-fraud:-court-docket-fixes-date-to-resume-ragged-ekiti-governor,-fayose’s-trial

A Federal Excessive Court docket in Lagos, on Monday, extra adjourned till December 1, 2, and 3, for the continuation of the trial of ragged Governor of Ekiti, Ayodele Fayose, over alleged N6.9 billion fraud.

The case, which changed into once listed in the map off checklist for continuation of trial on Monday, changed into once called at about 11.40 a.m., as parties had been expecting one of many defence counsel.

When the case changed into once in the slay called, the Financial and Financial Crimes Commission (EFCC) Counsel, Rotimi Jacobs, SAN, told the court docket, that having waited till nearly noon, this may occasionally be better to grant an adjournment, to enable parties to come encourage encourage and face the trial

Even supposing, first defence counsel, Ola Olanipekun, SAN, had urged prosecution to delivery examination of its witness, who changed into once already present in court docket, the case changed into once, however, adjourned on the instance of prosecution.

The whisper had urged parties to decide on contemporary dates within the year, especially as no development had been made in the matter since resumption.

Following settlement of parties, the case changed into once consequently, adjourned till December.

The Recordsdata Agency of Nigeria (NAN) remembers that Mr Fayose is being prosecuted by the Financial and Financial Crimes Commission (EFCC) over N6.9billion fraud and money laundering costs.

He changed into once first arraigned on 22 October , 2018, sooner than Mojisola Olatoregun, alongside his firm, Spotless Funding Ltd, on 11 counts bordering on fraud and money laundering offence.

He had pleaded not guilty to the costs and changed into once granted bail on 24 October , 2018, in the sum of N50 million with sureties in love sum.

The defendant changed into once resulting from this fact, re-arraigned sooner than one more whisper, Chukwujekwu Aneke, on 2 July , 2019, after the case changed into once withdrawn from Mrs Olatoregun, following EFCC’s petition.

He had also pleaded not guilty to the costs and changed into once allowed to continue the sooner bail granted, whereas the case changed into once adjourned for trial.

The commission has since opened its case sooner than Mr Aneke and is aloof main witnesses in proof.


All the contrivance by trial sooner than Mrs Olatoregun, the prosecution had called witnesses, from a couple of business banks, moreover to a ragged Minister of Direct for Defence, Musiliu Obanikoro.

Fixed with the charge, on 17 June , 2014, Mr Fayose and one Abiodun Agbele, had been said to hang taken possession of the sum of N1.2 billion, for purposes of funding his gubernatorial election marketing campaign in Ekiti, which sum they reasonably ought to hang known fashioned a part of crime proceeds.

Mr Fayose changed into once supposed to hang purchased a money rate of $5 million (about N1.8 billion) from the then Minister of Direct for Defence, Mr Obanikoro, with out going by any financial institution.

He changed into once also supposed to hang retained the sum of N300 million in his sage and took regulate of the combination sums of about N622 million, which sum he reasonably ought to hang known fashioned a part of crime proceeds.

Mr Fayose changed into once supposed to hang procured De Privateer Ltd and Silent Earth Ltd, to support the combination sums of N851 million which they reasonably ought to hang known, fashioned a part of crime proceeds.

Along with, the defendant changed into once supposed to hang passe the combination sums of about N1.6 billion to earn properties in Lagos and Abuja, which sums he reasonably ought to hang known fashioned a part of crime proceeds.

He changed into once also supposed to hang passe the sum of N200 million, to earn a property in Abuja, in the name of his elder sister Moji Oladeji, which sum he ought to know also fashioned a part of crime proceeds.

The offence, the anti-graft agency said contravened the provisions of sections 15(1), 15 (2), 15 (3), 16(2)(b), 16 (d), and 18 (c) of the Money Laundering Prohibition Act 2011.

(NAN)

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