Alleged N6.9bn fraud: Fayose’s trial to resume October 21


The trial of former governor of Ekiti state, Ayodele Fayose, will now resume on Monday, October 21 before a Federal High Court in Lagos.
Fayose is being prosecuted by the Economic and Financial Crimes Commission (EFCC) over N6.9billion fraud and money laundering charges.
He was first arraigned on Monday, October 22, 2018, before Justice Mojisola Olatotegun, alongside a company, Spotless Investment Ltd, on 11 counts bordering on fraud and money laundering offences.
He had pleaded not guilty to the charges and was granted bail on Wednesday, October 24, 2018, in the sum of N50 million with sureties in like sum.
The defendant was subsequently re-arraigned before Justice Chukwujekwu Aneke, on July 2.
He had also pleaded not guilty to the charges and was allowed to continue on the earlier bail granted.
After his re-arraignment, Justice Aneke had granted leave for the defendant to travel abroad for medicals.
The court had, however, ordered that his international passport be returned to the court, on or before Monday, September 16.
Aneke had then adjourned the case until September 16, 17, 18, and 19 and also to October 21, 22, 23, 24 and 25 for continuation of trial.
Meanwhile, the case will now come up on Monday, October 21, as judges are away for the annual judges conference, which takes place after the annual long vacation of the court.
The News Agency of Nigeria (NAN) reports that during the pendency of the charge before Justice Olatoregun, EFCC had opened trial on November 19, 2018, and had so far called 13 witnesses out of the 15 listed.
Fayose was alleged to have procured De Privateer Ltd and Still Earth Ltd, to retain the aggregate sums of N851 million which they reasonably ought to have known formed part of crime proceeds.
Besides, the defendant was alleged to have used the aggregate sums of about N1.6 billion to acquire properties in Lagos and Abuja, which sums he reasonably ought to have known formed part of crime proceeds.
He was also alleged to have used the sum of N200 million, to acquire a property in Abuja, in the name of his elder sister Moji Oladeji, which sum he ought to know also forms crime proceeds.
The offences contravene 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.
Makinde allegedly claimed that the former governor of the state diverted funds meant for projects in Oyo for personal gains.
In a letter written to the anti-graft agencies, the executive chairman of Centre for Anti-Corruption and Open Leadership (CACOL), Debo Adeniran, said the governor through a panel called for an investigation into all financial activities of the past Oyo state administration.

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