On Friday, the Federal High Court in Lagos adjourned the trial of former Ekiti state governor Ayodele Fayose for alleged money laundering until January 31 and February 1, 2023.

The case was originally scheduled to resume hearing on October 26, but could not continue due to confusion of dates, and the new hearing date will be agreed by the parties and determined by the court.

Fayose is indicted by the Economic and Financial Crimes Commission on N6.9 billion fraud and money laundering charges.

He was first arraigned on October 22, 2018, before Judge Mojisola Olatotegun and his company Spotless Investment Ltd, charged with 11 counts of fraud and money laundering.

He pleaded not guilty to the charges and was released on October 24, 2018, on bail for the same amount of 50 million guilders.

The accused was then re-arraigned before Judge Chukwujekwu Aneke on July 2, 2019 after the EFCC petition was withdrawn by Judge Olatoregun.

He also pleaded not guilty to the charges and was granted continued bail while the case was adjourned.

The committee has since opened the case before Justice Anek and is still leading witnesses to testify.

In December 2021, the EFCC called its 11th witness, Mrs. Joanne Tolulope, about how Fayose partner Abiodun Agbele bought a multi-million dollar property.

The trial will now continue on January 31, 2023.

The News Agency of Nigeria recalled that during Judge Olatoregun’s trial, the prosecution called witnesses from several commercial banks, as well as former Defence Minister Senator Musiliu Obanikoro.

The EFCC claims that on June 17, 2014, Fayose and an Abiodun Agbele were said to have owned 1.2 billion guilders.

The money, which is said to have been used to fund his gubernatorial campaign in Ekiti, should have been known to be part of the proceeds of crime.

Fayos allegedly received a cash payment of $5 million (about 1.8 billion guilders) from then-Defense Minister Senator Musilio Obanicoro without going through any financial institution.

He is also accused of keeping 300 million naira in his account and controlling a total of about 622 million naira, which he should have known constituted part of the proceeds of crime.

Fayose is accused of causing De Privateer Ltd and Still Earth Ltd to keep a total of 851 million guilders that they supposedly knew constituted part of the proceeds of crime.

In addition, the accused is accused of using a total of approximately 1.6 billion naira to purchase properties in Lagos and Abuja, which he should have known constituted part of the proceeds of crime.

He is also accused of using 200 million naira to buy a property in Abuja in the name of his sister Moji Oladeji.

The anti-graft agency said the offence violated sections 15(1), 15(2), 15(3), 16(2)(b), 16(d) and 18(c) of the Criminal Code. The Prohibition of Money Laundering Act 2011.


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