[ad_1]
The cash laundering trial of a former Governor of Ekiti state, Ayodele Fayose, was on Monday, stalled earlier than a Federal Excessive Court docket Lagos because the trial courtroom didn’t sit.
The trial which was mounted for continuation on Monday, couldn’t proceed because the trial decide Justice Chukwujekwu Aneke was stated to be attending a convention.
A brand new date will now be agreed on by the events in the end
Fayose is being prosecuted by the Financial and Monetary Crimes Fee (EFCC) for N6.9billion fraud and cash laundering prices.
He was first arraigned on Oct. 22. 2018, earlier than Justice Mojisola Olatotegun, alongside his firm, Spotless Funding Ltd, on 11 counts bordering on fraud and cash laundering offences.
He had pleaded not responsible to the costs and was granted bail on Oct. 24, 2018, within the sum of N50 million with sureties in like sum.
The defendant, was nevertheless, subsequently, re-arraigned earlier than Justice Chukwujekwu Aneke, on July 2, 2019, after the case was withdrawn from Justice Olatoregun, following EFCC’s petition.
He had additionally pleaded not responsible to the costs and was allowed to proceed on the sooner bail granted, whereas the case was adjourned for trial.
The fee has since opened its case earlier than Justice Aneke, and remains to be main witnesses in proof.
In December 2021 EFCC had known as its eleventh witness, one Mrs Joanne Tolulope, who had narrated how Abiodun Agbele, an affiliate of Fayose, purchased properties price a number of tens of millions.
Trial will now proceed on the following adjourned date.
The Information Company of Nigeria (NAN) reviews that in trial earlier than Justice Olatoregun. the prosecution had known as witnesses, from a number of business banks, in addition to a former Minister of State for Defence, Sen. Musiliu Obanikoro.
Based on the cost, on June 17, 2014, Fayose and one Abiodun Agbele had been stated to have taken possession of the sum of N1.2 billion, for functions of funding his gubernatorial election marketing campaign in Ekiti, which sum they fairly must have recognized shaped a part of crime proceeds.
Fayose was alleged to have acquired a money fee of the sum of 5 million {dollars}, (about N1.8 billion) from the then Minister of State for Defence, Sen. Musiliu Obanikoro, with out going via any monetary establishment.
He was additionally alleged to have retained the sum of N300 million in his account and took management of the combination sums of about N622 million which sum he fairly must have recognized shaped a part of crime proceeds.
Fayose was alleged to have procured De Privateer Ltd and Nonetheless Earth Ltd, to retain the combination sums of N851 million which they fairly must have recognized shaped a part of crime proceeds.
In addition to, the defendant was alleged to have used the combination sums of about N1.6 billion to amass properties in Lagos and Abuja, which sums he fairly must have recognized shaped a part of crime proceeds.
He was additionally alleged to have used N200 million, to amass a property in Abuja, within the title of a member of the family.
The offences contravenes 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.
[ad_2]
Source link
