Court Resumes Hearing Of Fayose’s Alleged N6.9 Billion Money Laundering Case

A Federal High Court in Lagos, on Friday, resumed hearing of an alleged N6.9 billion money laundering suit filed against the former Governor of Ekiti State, Ayodele Fayose, by the Economic and Financial Crimes Commission (EFCC).

Recall that Fayose and his firm Spotless Investment Limited are being prosecuted by the EFCC for allegedly laundering N6.9 billion.

During the continuation of the case hearing on Friday, a former EFCC operative, Abubakar Madaki, told the court how a former minister of state for defense, Musiliu Obanikoro, handed over the sum of ₦1,219,000,000 in cash to Fayose.

Earlier, Naija News learned that Obanikoro had narrated how N1.2 billion was allegedly taken to Fayose, using an aircraft.

Madaki, who is the 13th Prosecution Witness, told Justice Chukwujekwu Aneke that out of the money, the former Ekiti State governor bought property worth N270million from one Rabiu Kundili in Abuja and also deposited in a fixed account the sum of N100million.

Led in evidence by the prosecution counsel, Mr Rotimi Jacobs, SAN, Madaki explained that between the 17th and 27th of June 2014, a total sum of N150 million cash deposit was lodged into the bank account of the 2nd Defendant (Spotless Investment Limited), by one Biodun Agbele, an aide to the former Ekiti governor, Ayodele Fayose.

The former EFCC operative also told the court that on the 24th of August 2016, the sum of N168 million was also deposited into Spotless Investment Limited’s bank account, adding that the fund was released from the impress accounts in the office of the Secretary to the Government of the Federation and was part of monies under the control of the former National Security Adviser, Col. Sambo Dasuki (retd).

He further stated that the claim by the 1st Defendant (Fayose) that the ₦1,219,000,000 received from the former minister of state for defense, Musiliu Obanikoro was the campaign funds from his political party, the People’s Democratic Party, (PDP), was investigated.

Madaki submitted that  “In our investigation, we contacted the People’s Democratic Party secretariat in Abuja. The party denied receiving any money from the National Security Adviser, or the office of the Secretary to the Government of the Federation. The party also said it did not give any campaign money to Senator Musiliu Obanikoro to give to the first defendant.

“So the funds moved from Diamond Bank to Zenith Bank were the funds that came from the impress account, which is under the control of the office of the National Security Adviser to President Goodluck, Jonathan, Colonel Sambo Dasuki.”

The former EFCC official said Fayose and his associate, Abiodun Agbele, were given the chance to explain the source of the money deposited into the account of the 2nd Defendant, but they could not give any reasonable explanation.