October 11, (THEWILL) – A Lagos Federal High Court on Monday fixed December 1, 2 and 3, to continue the trial of a former governor of Ekiti state, Ayodele Fayose, for money laundering.
The case was initially listed for hearing on Monday, October 11, 2021. However, due to the delays, when the case was eventually called, counsel to the Economic and Financial Crimes Commission (EFCC), Rotimi Jacobs (SAN), requested for an adjournment to enable both parties better prepare for the trial.
Although first defence counsel, Mr Ola Olanipekun (SAN), urged the prosecution to begin the examination of its witness, who was already present in court. The case was, however, adjourned at the instance of the prosecution.
The judge had urged parties to take new dates within the year, especially as no progress had been made in the matter since resumption.
Following agreement by both parties, the case was consequently adjourned until Dec. 1, Dec. 2 and Dec. 3, respectively, for the continuation of trial
Fayose is being prosecuted by the Economic and Financial Crimes Commission (EFCC) over N6.9billion fraud and money laundering charges.
He was first arraigned on Oct. 22. 2018, before Justice Mojisola Olatoregun, alongside his company, Spotless Investment Ltd, on 11 counts bordering on fraud and money laundering offences.
He had 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.
The defendant was subsequently re-arraigned before Justice Chukwujekwu Aneke, on July 2, 2019, after the case was withdrawn from Justice Olatoregun, following EFCC’s petition.
He had also pleaded not guilty to the charges and was allowed to continue the earlier bail granted, while the case was adjourned for trial.
The commission has since opened its case before Justice Aneke and is still leading witnesses in evidence.
During the trial before Olatoregun, the prosecution had called witnesses, from several commercial banks, as well as a former Minister of State for Defence, Sen. Musiliu Obanikoro.
According to the charge, 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 sum they reasonably ought to have known formed part of crime proceeds.
Fayose was alleged to have received a cash payment of the sum of five million dollars, (about N1.8 billion) from the then Minister of State for Defence, Sen. Musiliu Obanikoro, without going through any financial institution.
He was also alleged to have retained the sum of N300 million in his account and took control of the aggregate sums of about N622 million, which he reasonably ought to have known formed part of crime proceeds.
Fayose was alleged to have procured De Privateer Ltd and Still Earth Ltd, to retain the aggregate sums of N851 million which they reasonably ought to have known, formed part of crime proceeds.
Besides, the defendant was alleged to have used the aggregate sums of about N1.6 billion to acquire properties in Lagos and Abuja, which sums 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 offence, the anti-graft agency said, contravened 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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