Home / E GIST / Fayose: Court fixes new date to resume trial on money laundering charges

Fayose: Court fixes new date to resume trial on money laundering charges

A Federal Excessive Court docket in Lagos State on Thursday adjourned till April 26, the trial of Ayodele Fayose, a former Governor of Ekiti, charged with alleged N6.9 billion cash laundering.

The ex-Governor is being prosecuted by the EFCC.

Fayose was first arraigned on October 22, 2018, earlier than Justice Mojisola Olatoregun, alongside his firm, Spotless Funding Ltd, on eleven counts bordering on fraud and cash laundering offences.

The Yoruba politician had pleaded not responsible to the costs and was granted bail on October 24, 2018, within the sum of N50m with sureties in like sum.

Fayose was later re-arraigned earlier than Justice Chukwujekwu Aneke on July 2, 2019, after the case was withdrawn from Olatoregun, following the EFCC’s petition.

The defendant had additionally pleaded not responsible to the costs and he was allowed to proceed on the sooner bail granted to him whereas the case was adjourned for trial.

The EFCC has since opened its case and remains to be main witnesses in proof.

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Nonetheless, the case, which was mounted for continuation of the trial right this moment, couldn’t proceed after the absence of justice Chukwujekwu Aneke, the trial decide.

Judges of the court docket are stated to be away on a valedictory court docket session in honour of a retired brother decide, Justice Saliu Saidu.

The occasion is claimed to be held in Ilorin, Kwara State.

Fayose’s trial, which was beforehand adjourned for a lot of dates, will now resume on April 26, 27 and 28, respectively.

In keeping with the cost, on June 17, 2014, Fayose and one Abiodun Agbele had been stated to have taken possession of the sum of N1.2bn to fund his governorship election marketing campaign in Ekiti State.

The cost sheet stated Fayose ought to have fairly identified the sum fashioned a part of crime proceeds.

Fayose was alleged to have acquired a money fee of 5 million {dollars} (about N1.8 billion) from Sen. Musiliu Obanikoro, the then Minister of State for Defence, with out going by means of any monetary establishment.

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He was additionally alleged to have stored maintain of the sum of N300 million in his account and was answerable for the mixture sums of about N622 million.

The defendant was alleged to have procured De Privateer Ltd and Nonetheless Earth Ltd, to retain the mixture sums of N851 million, which additionally they fairly must have identified fashioned a part of crime proceeds.

Apart from, Fayose was alleged to have used the mixture sums of about N1.6 billion to accumulate properties in Lagos and Abuja.

Fayose was additionally alleged to have used the sum of N200m to purchase a property in Abuja, within the identify of his elder sister, Moji Oladeji.

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

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