August 9, 2022

Global News

…The News First With Us!

Fayose’s Alleged Money Laundering: Judge’s Absence Delays Trial

1 min read
Fayose’s Alleged Money Laundering

An alleged money laundering trial involving Ayodele Fayose, a former governor of Ekiti State, was put on hold on Monday in the Federal High Court in Lagos due to the judge’s absence.

According to reports, Justice Chukwujekwu Aneke was gone at a seminar. The restart of the proceedings has not yet been given a new date.

The Economic and Financial Crimes Commission has filed an N6.9 billion fraud and money laundering complaint against Mr. Fayose (EFCC).

On October 22, 2018, he and his company, Spotless Investment Ltd, were charged with 11 counts of suspected fraud and money laundering in front of Justice Mojisola Olatotegun.

Both defendants entered a not guilty plea, and on October 24, 2018, Fayose was given bail in the amount of N50 million with two sureties.

On July 2, 2019, the case was transferred from Justice Olatoregun to Justice Chukwujekwu Aneke as a result of the EFCC’s plea.

He also entered a plea of not guilty, and the case was continued on the prior bail while the trial was scheduled.

Leave a Reply

Your email address will not be published.