Fayose’s fraud trial adjourned to July 1 over judge’s absence

The trial of a former governor of Ekiti State, Ayodele Fayose over alleged money laundering has been adjourned till July 1, 2024 for continuation of trial.

The trial could not proceed on Thursday before the Federal High Court in Lagos, as the court did not sit. The trial judge, Justice Chukwujekwu Aneke, was said to be on an official assignment.

Fayose is being prosecuted by the Economic and Financial Crimes Commission (EFCC) for alleged N6.9 billion fraud and money laundering.

It will be recalled that the former governor was first arraigned on Oct. 22, 2018 before Justice Mojisola Olatotegun, alongside his company, Spotless Investment Ltd., on 11 counts bordering on fraud and money laundering offences.

He pleaded not guilty to the charges and was granted bail on Oct. 24, 2018, in the sum of N50 million with sureties in like sum.

He was, however, re-arraigned before Justice Chukwujekwu Aneke on July 2, 2019, after the case was withdrawn from Justice Olatoregun following the EFCC’s petition.

He also pleaded not guilty to the charges and was allowed to continue on the earlier bail granted while the case was adjourned for trial.

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The EFCC has since opened its case before Justice Aneke and is still leading witnesses in evidence. The trial will now continue on the next adjourned date.

The EFCC, according to the charge, alleged that on June 17, 2014, Fayose and one Abiodun Agbele were said to have taken possession of the sum of N1.2 billion for purposes of funding his gubernatorial election campaign in Ekiti, which they reasonably ought to have known formed part of crime proceeds.

Fayose was also alleged to have received a cash payment of $5 million from the then Minister of State for Defence, Sen. Musiliu Obanikoro, without going through any financial institution.

He was further alleged to have retained the sum of N300 million in his account and took control of the aggregate sum of about N622 million, which he reasonably ought to have known formed part of crime proceeds.

He was further alleged to have procured De Privateer Ltd. and Still Earth Ltd. to retain the aggregate sum of N851 million, which they reasonably ought to have known formed part of crime proceeds.

The defendant was further alleged to have used the aggregate sum of about N1.6 billion to acquire properties in Lagos and Abuja, which 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.

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