Politics

N1.2BN CASH QUERY: Court adjourns trial of ex-governor Fayose till May

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The Federal High Court sitting in Lagos on Monday resumed hearing of the trial involving the immediate past governor of Ekiti State, Mr. Ayo Fayose over the transfer of the sum of N1.2 billion cash.

The court session began with the testimony of the 11th prosecution witness, Sunday Alade, who was led in evidence by the prosecuting counsel Rotimi Jacobs (SAN).

Alade who said he was the Branch Manager of Zenith Bank Plc Akure in 2014 told the court how the sum of N1.2 billion was allegedly moved to his branch at the time.

“On the 17th of June 2014, I was in my office in Zenith Bank, Akure. I received a call from my head of operations Abiodun Oshodi that a customer would be coming to make deposit into his account with the bank.

“He said in order to provide security, we should arrange for a bullion van to go to the airport to pick the cash.

“After an hour, Mr Abiodun Oshodi came and said the customer had arrived. He introduced Abiodun Agbele as the customer.

“He said we should prepare to go to the airport. I asked for time to arrange for security, but they said that won’t be necessary as they had sufficient security. They came with MOPOL and some soldiers in a Hilux,” Alade said.

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The witness said he joined Oshodi and Agbele to the airport, along with the bullion van and the security men.

Alade said: “At the airport, we waited for a few minutes before the arrival of the aircraft. Three individuals came out of the aircraft.

“Two of them walked away. The remaining person introduced himself as O. Adewale. The cash was offloaded into the bullion van and we drove to Zenith Bank Akure,” Alade said.

He said when they arrived at the bank, the money was counted in his presence. He said Oshodi, Adewale and Agbele were also present.

“The money was counted. It was N724million. We were informed that there was a balance. We went back to the airport and picked N494million the second time.

“The total cash amounted to N1.219billion. Another aircraft brought the N494million. I gathered that the cash was lodged into three bank accounts – those of De-Privateer, Spotless Investment and Ayodele Fayose.

“I also understand some cash was taken away that day by Mr Agbele.”
Asked who Adewale was, he said: “Adewale O. introduced himself as Obanikoro’s ADC.”

Asked if he knew those who walked away from the aircraft when it landed, the witness said: “One of them resembled Obanikoro. I never met him in person. But he resembled the person I saw on television and newspapers.”

After listening to the prosecution witness, the presiding judge adjourned the case till May 10 & 14, for further hearing when another witness is expected to testify for the prosecution.

Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
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Ripples Nigeria

We are an online newspaper, very passionate about Nigerian politics, business and their leaders. We dig deeper, without borders and without fears.
www.ripplesnigeria.com