The Economic and Financial Crimes Commission (EFCC), yesterday, accused Mr. Ayodele Fayose, former Governor of Ekiti State, and his company, Spotless Limited, before a Federal High Court, Lagos.
Fayose and his company were brought before Justice Chukwujekwu Aneke for purported money laundering and non-declaration of his properties.
In the revised charge, Fayose and one Abiodun Agbele, who is also on trial for money laundering offences before another division of the court, were accused to have on June 17, 2014, taken possession of N1.219 billion to finance Fayose’s 2014 gubernatorial campaign in Ekiti State.
They were blamed for committing criminal breach of trust, theft and stealing of public funds.
They were also accused to have on the same June 17, 2014, without going through financial institutions, obtained $5 million from Senator Musiliu Obanikoro, who was the Minister of State for Defence.
In the charge, the EFCC reported that Fayose on April 7, 2015, kept N300 million in his fixed deposit account domiciled in a bank.
Fayose and his company, Spotless Limited, were also reported to have between June 17 and August 4, 2014, taken possession of N317 million, and deposited it in the same bank with another account number.
The former Ekiti State governor was also accused of having between June 26 and August 27, 2014, taken control of N305, 760,000, which was part of the proceeds of the unlawful act. He was also alleged of acquiring Abiodun Agbele and a company, De-privateer Limited, to retain N719,490,000 in the bank.
The EFCC also accused that Fayose used N270 million and N1.15 billion respectively to procure property at Plot 1504, Yedsema Street, Maitama, Abuja, from one Rabi Kundili, and Chalets 3, 4, 6 and 9, at Plot 100, Tiyamiyu Savage Street, Victoria Island, Lagos, in the name of JJ Technical Services.
He was reported to have between October 16 and December 31, 2018 ceased to declare his assets and property by not completing the declaration form during questioning.
The offences, according to the EFCC, are against sections 15 (2)(d); 1 and 16 (d) of the Money Laundering (Prohibition) Act, 2011 as amended, and punishable under Section 15 (3) (4); 16 (2) (b) of the same Act.
He was also reported to have acted against Section 27(1)(3)(c) of the EFCC (Establishment) Act, 2004.
Fayose contradicted all the accusations and pleaded not guilty to all 11 counts of charges.
Before to his re-arraignment, Mrs. Joanne Tolulope, the 11th prosecution witness, while being cross-examined by the defence counsel, Mr. Ola Olanipekun (SAN), confirmed that her company, Still Earth Limited, only dealt with Agbele.
Meanwhile, the hearing continues today, as the EFCC will be summoning its 12th witness.