Court adjourned Fayose’s N2.2 Billion Fraud Trail To January 21 and 28, 2019

Court adjourned Fayose’s N2.2 Billion Fraud Trail To January 21 and 28, 2019

Trail against a former governor of Ekiti State, Ayodele Fayose, who is being prosecuted alongside his company, Spotless Investment Limited for an alleged N2.2 billion fraud has been adjourned to January 21 and 28, 2019 for continuation.

An 11-count charge bordering on fraud and money laundering against Fayose was opened on Monday by the Economic and Financial Crimes Commission, EFCC, before Justice Mojisola Olatoregun of the Federal High Court sitting in Ikoyi, Lagos.

The former governor is facing trial in connection with N1.299bn and $5.3m out of the N4.65bn slush funds allegedly shared by the Office of the National Security Adviser, NSA, Sambo Dasuki  through a former Minister of State for Defence, Musiliu Obanikoro.

Fayose pleaded not guilty to the charges preferred against him and was granted bail in the sum of N50m with one surety in like sum.

In the course of the sitting, a prosecution witness, Lawrence Akande, told the court that one Abiodun Agbele informed him sometime in June 2014 that he had about N1.2 billion cash lodgement to make in Akure,Ondo State.

Akande, an employee of Zenith Bank in charge of South West, further told the court that he subsequently received a call from the first defendant in respect of the same issue earlier discussed with him by Agbele.

“Since the lodgement was in Akure, I had to call my colleague there to follow up on it. This is all I know about it, ” he added.

When asked if he knew about the company, Spotless Investment Limited, Akande, who was led in evidence by the prosecution counsel, Rotimi Jacobs, SAN, stated that it was one of his bank’s customers at the Dugbe branch.

 

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