6.9Billion Naira Fraud: Federal High Court Adjourns Fayose’s Trial Till June 10

The Corruption trial of the Ekiti State, Ex-Governor Ayodele Fayose has been adjourned till June 10 by the Federal High Court in Lagos.

Naija News understands that the Judge, Justice Mojisola Olatoregun who was assigned to the case is currently on an official assignment and as a result, the case is adjourned till the next date.

Ayo Fayose was arraigned on an 11-count fraud charge worth ₦6.9 billion fraud charges by the Economic and Financial Crimes Commission.

According to the charge, Fayose and one Abiodun Agbele were said to have on June 17, 2014, taken possession of ₦1.2 billion for funding his gubernatorial election campaign. The EFCC said that the defendants reasonably ought to have known that the sum formed part of crime proceeds.

Fayose was also alleged to have received a cash payment of five million dollars, (about ₦1.8 billion) from the then Minister of State for Defence, Sen. Musiliu Obanikoro, without going through any financial institution. The EFCC noted that the sum exceeded the amount allowed by law.

Meanwhile, in another development, the Rivers State Governor, Nyesom Wike has approved the withdrawal of the Certificate of Recognition from His Royal Majesty, Chief Monday Frank Noryaa, Gbenemene Baabe.

A statement issued on Monday night by the Governor’s Special Assistant on Electronic Media, Simeon Nwakaudu said the withdrawal was with immediate effect.