11th October, 2021
Alleged N6.9bn fraud: Why trial of Fayose was stalled
Published By: Kazeem Ugbodaga
By Akin Kuponiyi
The trial of the former Governor of Ekiti State, Ayodele Fayose, standing trial before a Federal High Court in Lagos for alleged money laundering offences could not go on Monday due to the ill-health of the prosecutor.
When the matter was called, Mr Rotimi Jacob SAN, with two other counsel appeared for prosecution, while Mr Ola Olanipekun SAN appeared for Ayodele Fayose, and Olalekan Ojo appeared for Spotless Nigeria Limited, a company charged alongside Fayose.
Thereafter, Rotimi sought for adjournment on the ground of ill-health. The defence counsels did not opposed the adjournment.
Consequently, based on the agreement of the two parties, the presiding Judge, Chukwujekwu Aneke adjourned till 1st, 2nd, and 3rd December, 2021 for continuation of trial.
According to the charge filed before the court, Fayose was alleged to have procured two companies Still Earth Ltd and De Privateer Ltd, to retain in their account the aggregate sums of N851 million.
Fayose is being prosecuted by the Economic and Financial Crimes Commission (EFCC) over N6.9 billion fraud and money laundering charges.
He was first arraigned on Oct. 22, 2018, before Justice Mojisola Olatotegun, alongside his company, Spotless Investment Ltd, on 11 counts bordering on fraud and money laundering offences.
He pleaded not guilty to the charge and was granted bail on Oct. 24, 2018, in the sum of N50 million with sureties in like sum.