Categories: News

Money Laundering: Former Governor Fayose Knows Fate Tomorrow

Justice Chukwujekwu Aneke of the Federal High Court in Lagos will tomorrow, July 14 deliver judgement on money laundering trial of a former governor of Ekiti, Ayodele Fayose.

The trial which was earlier fixed for continuation on July 13 and July 14 could not proceed, following the absence of the prosecutor, Mr Rotimi Jacobs.

In the absence of the prosecutor, the trial would consequently, continue on Friday.

Fayose is standing trial on allegations of money laundering and he is being prosecuted by the Economic and Financial Crimes Commission (EFCC).

On June 6, the 12th prosecution witness, a former Minister of State for Defence, Sen. Musiliu Obanikoro, presented his evidence before the court.

Obanikoro, who began his evidence on Jan. 31, concluded same after cross- examination by the defence.

Among other testimonies, the witness had told the court that he had no documentary evidence to show that he gave money to Fayose.

Fayose was first arraigned on Oct. 22, 2018 before Justice Mojisola Olatotegun.

He was charged alongside his company, Spotless Investments Ltd. on 11-count charge, bordering on money laundering offences.

Fayose had, however, 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The defendant, was however, re-arraigned before Justice Chukwujekwu Aneke on July 2, 2019 after the case was withdrawn from Justice Olatoregun, following EFCC’s petition.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 on the earlier bail granted, while the case was adjourned for trial.

The commission has since opened its case before Justice Aneke and was still leading witnesses in evidence.

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