Court rules on Dagogo’s motion on Friday

0

A Federal High Court sitting in Lagos yesterday adjourned until July 4 the continuation of the trial of former Ekiti State Governor Ayodele Fayose who was charged with money laundering and fraud.
The trial, which was to continue earlier, was adjourned due to the unavailability of prosecution witnesses.
Fayose is being prosecuted by the Economic and Financial Crimes Commission (EFCC) for N6.9 billion fraud and money laundering.
When the case was called yesterday, Mr. Rotimi Jacobs (SAN), announced his appearance for prosecution.
MM. UU Njoku and Olalekan Ojo (SAN) announced the appearance of Fayose (first defendant) and his company, Spotlight Investment Ltd. who is the second defendant.
Jacobs told the court that two prosecution witnesses, expected to testify yesterday, were unavailable.
According to him, the 12th prosecution witness was unavailable due to the political party primary election while the other witness was busy with another matter.
He asked the court to grant an adjournment, saying he had already informed the defense team of developments.
The two defense lawyers did not object to the adjournment request.
Judge Chukwujekwu Aneke therefore adjourned the case for further trial.
Fayose was first arraigned on October 22, 2018 before Judge Mojisola Olatotegun, alongside his company, Spotless Investment Ltd., on 11 counts.
He had pleaded not guilty to the charge and was released on October 24, 2018, on bail of N50 million with sureties of a similar amount.
The former governor was, however, again brought before Judge Chukwujekwu Aneke on July 2, 2019, after the case was withdrawn to Judge Olatoregun, following the EFCC’s motion.
He also pleaded not guilty in front of Aneke and was allowed to continue on bail.
On the last adjourned date in December 2021, the EFCC called its 11th witness, Ms Joanne Tolulope, who recounted how Abiodun Agbele, an associate of Fayose, allegedly illegally purchased property worth millions of naira.
During the trial in Olatoregun, the EFCC called witnesses from several commercial banks, as well as a former Minister of State for Defence, Senator Musiliu Obanikoro.
According to the prosecution, on June 17, 2014, Fayose and Agbele illegally took possession of 1.2 billion naira for the purpose of financing his gubernatorial campaign in Ekiti.
Fayose reportedly received a cash payment of $5 million (about 1.8 billion naira) from Obanikoro without going through a financial institution.
He also allegedly kept the sum of 300 million Naira in his account and illegally took control of the total sum of around 622 million Naira.
Fayose also reportedly asked De Privateer Ltd. and Still Earth Ltd. to illegally retain the total sum of N851 million.
In addition, the defendant allegedly illegally used approximately N1.6 billion to acquire property in Lagos and Abuja.
He is also said to have used the sum of 200 million naira to acquire property in Abuja in the name of his elder sister, Moji Oladeji, which he should know is also proceeds of crime.
The alleged offenses contravene the provisions of sections 15(1), 15(2), 15(3), 16(2)(b), 16(d) and 18(c) of the Prohibition of Drugs Act 2011. money laundering.

Share.

Comments are closed.