x

EFCC re-arraigns ex-Ekiti gov, Fayose for money laundering

The Economic and Financial Crimes Commission has re-arraigned the former Governor of Ekiti State, Mr Ayodele Fayose, and his company, Spotless Limited before a Federal High Court sitting in Ikoyi, Lagos.

Fayose and his company were re-arraigned on Thursday before Justice Chukwujekwu Aneke on 11 counts bordering on money laundering and non-declaration of assets.

The amended charge, dated November 24, 2021, was filed by the Economic and Financial Crimes Commission on November 25, 2021.

In the amended charge, Fayose and one Abiodun Agbele, who is also standing trial on alleged money laundering offences before another division of the court, were alleged to have on June 17, 2014, taken possession of N1.219 billion to fund Fayose’s 2014 gubernatorial campaign in Ekiti State.

They were accused of committing criminal breach of trust, theft, and stealing of public funds.

According to the EFCC, the offences are contrary to sections 15(2)(d), 1 and 16(d) of the Money Laundering (Prohibition) Act, 2011 as amended, and punishable under section 15(3)(4), 16(2)(b) of the same Act.

Fayose denied the allegations and pleaded not guilty to all the 11 counts after which they were allowed to continue with the previously granted bail terms.

Before his re-arraignment, Mrs Joanne Tolulope, one of the 11 witnesses being called by the EFCC, while being cross-examined by Fayose’s counsel, Ola Olanipekun (SAN), affirmed that her company, Still Earth Limited, only dealt with Mr Abiodun Agbele, Fayose’s associate.

After the cross-examination, the EFCC’s counsel, Mr Rotimi Jacobs (SAN), informed the court that a newly amended charge had been filed and he sought the court’s permission to re-arraign Fayose.

Fayose and his company were subsequently re-arraigned on the 11 counts bordering on money laundering and non-declaration of assets.

Fayose’s trial will continue on Friday before Justice Aneke, as the EFCC will be calling 12 witnesses to testify against him.

Hot this week

Editors Urge Government To Create Safe, Enabling Environment For Journalists

· Ask security agents to find missing Vanguard journalist As...

EXCLUSIVE: Buhari orders probe of Isa Funtua, AMCON over keystone and Etisalat

Following the controversy generated by the leading opposition party,...

6 Signs your boyfriend thinks you are ugly -Take note of No. 2

They say there are three kinds of people; the...

2023: South-East, Middle Belt Forum Endorses Peter Obi

The South-East and Middle Belt Forum has endorsed the...

Army promises tough time for oil bunkerers in A’Ibom

By Ogenyi Ogenyi, Uyo The Nigerian Army has said that...

Corrupt Politicians Hiding Stolen Funds in Virtual Assets- EFCC

By Ogenyi Ogenyi, Uyo The Economic and Financial Crimes Commission...

10th NASS Constitution Review: Banana peels to watch 

By Patrick Wemambu From the nooks and crannies of Nigeria,...

Bandits Ambush Police Near Nasarawa-Benue Border, Kill Civilian, Injure Officer

Suspected bandits have ambushed a police patrol team near...

10th NASS Constitution Review: Banana peels to watch 

By Patrick Wemambu From the nooks and crannies of Nigeria,...

ADC Denies Coup Allegation, Reaffirms Commitment to Democratic Process

The African Democratic Congress (ADC) has dismissed claims that...

2027 Presidency: I Won’t Back Any Northern Candidate – Ortom Declares

Former Benue State Governor, Samuel Ortom, has said he...
spot_img

Related Articles

Popular Categories

spot_imgspot_img