Connect with us

Latest News

Fayose’s Trial Over N6.9 b Fraud To Resume April 26

Published

on

Fayose's Trial Over N6.9 b Fraud To Resume April 26

The trial of former Governor of Ekiti, Ayodele Fayose, charged with alleged N6.9 billion money laundering, has been adjourned until April 26.

Fayose is being prosecuted by the Economic and Financial Crimes Commission (EFCC). He was first arraigned on Oct. 22, 2018, before Justice Mojisola Olatoregun, alongside his company, Spotless Investment Ltd, on 11 counts bordering on fraud and money laundering offences.

He had pleaded not guilty to the charges and was granted bail on Oct. 24, 2018, in the sum of N50 million with sureties in like sum.

The defendant was subsequently, re-arraigned before Justice Chukwujekwu Aneke, on July 2, 2019, after the case was withdrawn from Olatoregun, following EFCC’s petition.

He had also pleaded not guilty to the charges and was allowed to continue on the earlier bail granted, while the case was adjourned for trial.

The commission has since opened its case, and is still leading witnesses in evidence. Meanwhile, the case which was fixed for continuation of trial on Thursday could not proceed following the absence of the trial judge, Justice Chukwujekwu Aneke.

Judges of the court are said to be away on a valedictory court session in honour of a retired brother judge, Justice Saliu Saidu. The event is said to be holding in Illorin.

Fayoses trial, which was previously adjourned for several dates will now resume on April 26, April 27 and April 28 respectively.

READ ALSO: Spain To Lagalise Euthanasia As Catholics Protest

According to the charge, on June 17, 2014, Fayose and one Abiodun Agbele were said to have taken possession of the sum of N1.2 billion, for purposes of funding his gubernatorial election campaign in Ekiti, which sum he reasonably ought to have known formed part of crime proceeds.

Fayose was alleged to have received a cash payment of five million dollars, (about N1.8 billion) from the then Minister of State for Defence, Sen. Musiliu Obanikoro, without going through any financial institution.

He was also alleged to have retained the sum of N300 million in his account and took control of the aggregate sums of about N622 million which sum he reasonably ought to have known formed part of crime proceeds.

The defendant was alleged to have procured De Privateer Ltd and Still Earth Ltd, to retain the aggregate sums of N851 million which they reasonably ought to have known formed part of crime proceeds.

Besides, he was alleged to have used the aggregate sums of about N1.6 billion to acquire properties in Lagos and Abuja, which sums he reasonably us ought to have known formed part of crime proceeds.

He was also alleged to have used the sum of N200 million, to acquire a property in Abuja, in the name of his elder sister Moji Oladeji, which sum he ought to know also forms crime proceeds.

The offences contravene the provisions of Sections 15(1), 15 (2), 15 (3), 16(2)(b), 16 (d), and 18 (c) of the Money Laundering Prohibition Act 2011.

Read more authentic news on our social media platforms

Continue Reading
Click to comment

Latest News

Court Jails APC Senator Seven Years For Fraud

Published

on

Court Jails APC Senator Seven Years For Fraud

The Senator representing Delta North Senatorial District at the National Assembly, Peter Nwaoboshi of the All Progressives Congress (APC) , has been sentenced to seven years’ imprisonment.

The Court of Appeal in Lagos on Friday also ordered that the senator’s two companies, Golden Touch Construction Project Ltd and Suiming Electrical Ltd, be wound up in line with the provisions of Section 22 of the Money Laundering Prohibition Act 2021.

The court’s ruling was delivered in an appeal challenging the judgment of Justice Chukwujekwu Aneke of the Federal High Court which on June 18, 2021, discharged and acquitted the defendants on two counts of fraud and money laundering. The Economic and Financial Crimes Commission (EFCC) which arraigned him however challenged the lower court’s decision.

EFCC had arraigned the three defendants over the acquisition of a property named Guinea House, Marine Road, in Apapa, Lagos, for N805 million.

 READ ALSO: Why Move To Impeach Senate President Will Fail – Nwaboshi

Part of the money paid to the vendor – N322 million transferred by Suiming Electrical Ltd on behalf of Nwaoboshi and Golden Touch Construction Project Ltd – was alleged to be part of proceeds of fraud.

Earlier in his judgment, Justice Aneke said the evidence of the prosecutor “proved that the third defendant obtained a loan of N1.2 billion from Zenith Bank to purchase additional equipment and as provision of working capital”.

“It also proved that the loan of N1.2 billion together with interest of N24 million was properly granted to the third defendant .Nothing else was proved by the complainant or prosecutor in this case,” the EFCC quoted the judge as saying in a statement.

The high court judge was also quoted as claiming that a fatal blow was dealt to the case of the prosecution by its failure to call officials of Sterling Bank “to testify and probably tender exhibits F and F10. Consequently, he discharged and acquitted the defendants”.

However, ruling on the EFCC’s appeal on Friday, the Court of Appeal held that the trial judge erred in dismissing the charges against the respondents.

“The court said the prosecution had proved the ingredients of the offence and consequently found the defendants guilty as charged,” EFCC said.

 

Read more authentic news on our social media platforms

Continue Reading

Latest News

Drama In Court As Lawyer Appears In Priestly Attire

Published

on

VIDEO: Drama As Lawyer In Priestly Attire Appears In Court

By John Michael Ojo
There was a mild drama today at the Okpoko Magistrate Court in the Ogbaru Local Government Area of Anambra State, as a lawyer simply identified as Ogbachalu Goshen appeared before the court in a pastoral robe.

But Ogbachalu who was standing before the magistrate, CB Mbaegbu, was denied  hearing on the ground that he was not properly attired, leading to a minor incident in the court.

READ ALSO: Female Students Can Wear Hijab To Lagos Schools – Supreme Court

However,  citing a recent Supreme Court’s judgment which supported the wearing of hijab by female students in public schools as a reference point, Ogbachalu reminded the court that it was his right to dress in his priestly attire as he was an ordained pastor and that the objection by the court to hear him, was an infringement on his fundamental human right as enshrined in section 38 of the 1999 constitution of the Federal Republic of Nigeria

The magistrate however disagreed his submission which only forced the court to dismiss.

 

Read more authentic news on our social media platforms

Continue Reading

Latest News

Court Orders Immigration, Banks To Release David Ukpo’s Details To Ekweremadu

Published

on

Court Orders Immigration, Banks To Release David Ukpo's Details To Ekweremadu

To enable detained former Deputy Senate President Ike Ekweremadu to effectively defend himself in London, a Federal High Court in Abuja on Friday ordered the Nigerian Immigration Service and three banks to immediately release details of David Ukpo to him.

Justice Inyang Ekwo issued the order while delivering judgment in a suit instituted by Ekweremadu and his wife, Beatrice.

The judgment against the defendants followed their non-appearance in court to defend the suit.

By the court order, all official information including the account opening package in relation to Ukpo are to be released to Senator Ekweremadu to ascertain the real age of the said Ukpo.

READ ALSO: Real Age Of Ekweremadu’s Kidney Donor – Immigration

Ukpo had claimed at a London court that he was a minor of 15 years old which led to the arrest and detention of the Nigerian Senator.

Other defendants are the Comptroller General (C-G), Nigeria Immigration Service (NIS); Stanbic-IBTC Bank, United Bank of Africa (UBA), and Nigeria Inter-Bank Settlement System Plc as 2nd to 5th respondents, respectively.

 

Read more authentic news on our social media platforms

Continue Reading

Top Stories

%d bloggers like this: