TheNigerian news portal is a citizen’s online publishing and broadcasting platform combined with patriotic zeal to usher in positive narratives about the image of our country and it’s citizens. The portal was inaugurated in the united kingdom in 2016 and has consistently demonstrated fair, unbiased and transparent reportage of evolving developmental issues across the globe and particularly feeding its international audience in the accurate, facts-filled and truthful reports in and around the globe. As to remain as giants of both online publishing and broadcasting. TheNigerian news has recently launched "Television Nigerian" currently streaming in social media platforms as a web-TV

Trial on alleged N6.9bn fraud charges against Fayose stalled

- Advertisement -

Toby Prince  with Agency reports

Trial on the alleged N6.9 billion fraud against former Ekiti State Governor, Ayodele Fayose at the Federal High Court, Lagos, was on Thursday stalled following absence of the trial judge, Justice Chukwujekwu Aneke.

News Agency of Nigeria (NAN) reports that the judge is said to be away attending a conference.

Fayose is being prosecuted by the Economic and Financial Crimes Commission (EFCC) over alleged money laundering involving N6.9 billion while serving as governor.

Also charged alongside Fayose, was Abiodun Agbele, the ex-governor’s aide accused of assisting his boss in carting away part of the missing funds.

He was first arraigned on Oct. 22, 2018, before Justice Mojisola Olatoregun alongside his company, Spotless Investment Ltd, on an 11-count charge.

He had pleaded not guilty to the charges and was granted bail on Oct. 24, 2018 in the sum of N50 million with two sureties in like sum.

The defendant was subsequently re-arraigned before Justice Aneke on July 2, after the case was withdrawn from Justice Olatoregun, following EFCC’s petition on unsatisfactory handling of the case.

Fayose also pleaded not guilty to the charges and was allowed to enjoy his bail while the case was adjourned until Nov. 28 for trial.

The trial however, could not progress as slated as the court did not sit and a new date has yet to be fixed for the trial.

At the last three adjournments, EFCC had called Lawrence Akande, Abiodun Oshode and Johnson Abidakun to testify as prosecution witnesses.

NAN recalls that while Akande and Oshode had concluded their testimonies and were discharged by the court, the third witness, Abidakun had yet to complete giving evidence.

In the charge sheet, Fayose and Agbele were said to have taken possession of N1.2 billion on June 17, 2014 for purposes of funding his gubernatorial election campaign in Ekiti, an amount which they reasonably ought to have known formed part of crime proceeds.

Fayose was also alleged to have received a cash payment of five million dollars, (about N1.8 billion) from Sen. Musiliu Obanikoro, a former Minister of Defence without due process.

The former governor was also accused of illegally retaining N300 million and taken control of the aggregate sum of N622 million without due process.

Fayose was alleged to have procured De Privateer Ltd and Still Earth Ltd, to retain the aggregate sums of N851 million.

The EFCC also accused him of having used the aggregate sums of about N1.6 billion to acquire properties in Lagos and Abuja.

The main defendant (Fayose) was also alleged to have used N200 million to acquire a property in Abuja in the name of his elder sister, Moji Oladeji.

The anti-graft body said the offences contravened sections 15(1), 15 (2), 15 (3), 16(2)(b), 16 (d), and 18 (c) of the Money Laundering Prohibition Act 2011. (NAN)

 

Support our journalism with a contribution of any size

Nigeria's media space is swamped with falsehood, deceit and delusion. Just a handful abides by the truth. TheNigerian is one of the unique platforms helping to shape the global narrative about Nigeria and her citizens across the world. It's quite costly to maintain this brand of journalism, however.

Readers from around the world, like you, make TheNigerian's work possible. We need your support to deliver quality, investigative journalism – and to keep it open for everyone. At a time when factual, honest reporting is critical, your support is essential in protecting our editorial independence. Every contribution, however big or small, is so valuable for our future.

Our brand of professional citizens' journalism requires a contribution from members of the public, patronage and sponsorship to thrive. We rely on this financial support to be able to carry out our numerous obligations of training, running cost, production, printing and general services. We also embark on Corporate Social Responsibilities through educational programs on our TV, newspaper and blogs.

Make a token donation to support us:
Account Name: Patriot and Sage Digital Communication Ltd
Account No: 1015619537
Bank Name: Zenith Bank

Get real time updates directly on you device, subscribe now.

The Is The Best Offere For You

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More