HighlightTop StoryTrending Story

Ex-Ekiti Gov. Fayose rearraigned in Lagos, faces 11- count amended charge

276

 

A former Ekiti Governor Ayodele Fayose was on Thursday rearraigned before a Federal High Court in Lagos on an 11- count amended charge.

Fayose was hauled up alongside his company — Spotless Ltd by the Economic and Financial Crimes Commission (EFCC), Persecondnews.com reports.

In the amended charges, Fayose, a PDP chieftain and Abiodun Agbele, who is also standing trial over alleged money laundering offences before another Federal High Court, were alleged to have taken possession of N1.2 billion on June 17, 2014 to fund Fayose’s 2014 governorship poll.

The duo also allegedly received $5 million from Senator Musiliu Obanikoro, the then Minister of State for Defence without going through any financial institution, adding that they committed criminal breach of trust, theft and stealing of public funds.

In addition, the EFCC alleged that on April 7, 2015, Fayose retained the sum of N300 million in his fixed deposit account.

Fayose and his company (Spotless Ltd) were also alleged to have between June 17 and August 4, 2014, taken control of N317 million, and deposited same in his account.

That between June 26 and August 27, 2014, they took control of the sum of N305,760,000, which formed part of proceeds of unlawful act, while procuring one of his aides, Abiodun Agbele and a company, De-privateer Limited, to retain the sum of N719,490,000 in their bank account.

The EFCC alleged that Fayose used the sum of N270 million and N1.151,711,573 respectively, to acquire properties at Plot 1,504, Yedsema Street, Maitama, Abuja from one Rabi Kundili, and Chalets 3, 4, 6 and 9, at Plot 100, Tiyamiyu Savage Street, Victoria Island, Lagos, in the name of JJ Technical Services.

Fayose while calling the shots as governor had between October 16 and December 31, 2018, failed to declare his assets, by not completing the asset declaration form during investigation.

The offences contravened Sections 15(2)(d); 1 and 16 (d) of the Money Laundering (Prohibition) Act, 2011 as amended, as well as Section 15(3)(4); 16(2)(b).

Fayose, however, entered a not- guilty plea while his trial continues tomorrow, Dec. 3.

Leave a comment

Related Articles

Rodri Brushes Off Vinicius, Real Madrid at Ballon d’Or ceremony

Recently crowned 2024 Ballon d’Or winner Rodri has downplayed the absence of...

VP Shettima, Govs. Sanwo-Olu, Abiodun, others witness Okpebholo’s inauguration as Edo Governor

Vice President Kashim Shettima, Lagos Gov. Babajide Sanwo-Olu, his Ogun counterpart, Dapo...

Super Eagles Land in Abidjan, Gear Up for Benin Republic Clash

The Nigerian national football team, the Super Eagles, has arrived in Abidjan,...

Nigeria signs $1.2bln deal with CNCEC to revive aluminium smelter

Nigeria has taken a significant step towards reviving its dormant aluminium smelter...

VP Shettima Arrives in Benin City for Edo Governor’s Inauguration

Vice President Kashim Shettima has arrived in Benin City, Edo State capital,...

Breaking: Powerful explosion rocks Jos, many people feared dead

A devastating explosion shook the city of Jos on Tuesday morning, sending...

NNPC Ltd. boss, Mele Kyari, thrashes allegation of sabotaging Dangote Refinery as baseless

Mr. Mele Kyari, the Group Chief Executive Officer of the Nigerian National...

Infanticide: US places $25,000 bounty on fleeing Nigerian parent

The United States of America has offered a $25,000 reward for anyone...

Tinubu, Abiodun, Sanwo-Olu, others extol Pastor Tunde Bakare at 70

Pastor Tunde Bakare, the founder of Citadel Global Community Church, is a...

NNPC Ltd. Unveils Plan to Resolve Nigeria’s Energy Trilemma

Nigerian National Petroleum Company Limited (NNPC Ltd) Group CEO, Mr. Mele Kyari,...

Tinubu Calls for Immediate End to Israeli Aggression in Gaza, Supports Two-State Solution

President Bola Tinubu has called for an immediate cessation of Israeli aggression...

Breaking: IPMAN Secures Direct Supply Deal with Dangote Refinery, Promises Steady, Affordable Fuel Nationwide

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced a landmark...

“Operation Sweep”, FCT demolition squad, faces backlash from residents, Wike reacts

The recent demolition exercise by “Operation Sweep”, a task force set up...

Nov. 16 Ondo guber poll: Sensitive election materials arrive

Ahead of the Saturday, October 16 governorship poll in Ondo State, sensitive...

China’s imports from Nigeria soar to $15.1bln, 36.1% increase

China’s imports from Nigeria have reached an all-time high of $15.1 billion...

N5.4trn subsidy savings, bolster for nation’s infrastructure, social programmes – Onanuga

The Presidency has announced that the estimated N5.4 trillion saved from subsidy...

Vandals destroy TCN towers, disrupt power supply in Abuja

The Transmission Company of Nigeria (TCN) has reported a fresh attack on...

Amid opposition, Kano Rep. Jibrin promises to push Tinubu’s tax reform bills through in NASS

In spite of growing opposition to President Bola Tinubu’s controversial tax reform...

FCT Police bust notorious car theft syndicate, arrest suspect, recover 3 vehicles

The Federal Capital Territory (FCT) Police has confirmed the arrest of a...

Osimhen’s Brace Powers Galatasaray to 3-2 Win Over Samsunspor

Nigerian striker Victor Osimhen led Galatasaray to a thrilling 3-2 victory over...