Alleged fraud of 6.9 billion naira: Fayose’s EFCC Trials Continue After the 2023 Election
Judge Chukujekwu Aneke of the Federal Supreme Court in Ikoyi, Lagos, on Wednesday adjourned the trial of former Governor Ekiti Ayodele Fayose until March 20.
The politician and his company, Spotless Investment Limited, are being sued for alleged fraud of N6.9 billion.
On July 2, 2019, the Economic and Financial Crimes Commission, EFCC, re-indicted Fayose and Spotless on 11 counts related to money laundering and theft.
The defendants were first arrested on October 22, 2018 before Judge Mojisola Olatoregun.
Musiliu Obanikoro was questioned by prosecuting attorney Rotimi Jacobs, SAN, as hearings continue today. During the lawyer’s cross-examination for the second defendant, Olakekan Ojo, SAN, he recounted how 2.2 billion naira was budgeted by the NSA office for the Governor Ekiti election in 2016. 2014.
Obanikoro said the money came from a secure NSA account at Silver Maclamaran Nigeria Limited, a company he controls.
However, the former Secretary of Defense stayed away from Silver’s day-to-day activities and refused to be a signatory.
“Olalekan Olafare is the signatory… I am the Chairman of the Commission and a lot of funds have been given even at the national level to our party,” he said.
When asked if he remembers the name of a member of the fundraising committee, Obanikoro mentioned T. K. Aluko and Lateef Agbaje.