Alleged N2.2bn Fraud: Court Adjourns Fayose’s Trial To October

'Dotun Akintomide
Writer

Ad

The Slow Degeneration of Decorum

By Babafemi Ojudu We have truly degenerated in Nigeria. Can you imagine a Shehu Shagari as minister in the First Republic behaving this way? Or a Richard Akinjide in the Second? Or Chief Bola Ige in the Third? Public life in Nigeria has lost its dignity. The solemnity once associated with leadership has been replaced…

The Sunday Igboho I Knew, By Babafemi Ojudu

Senate okays Tinubu’s N1.15tn loan to plug 2025 budget deficit amid growing debt burden

By Obinna Uballa The Senate has approved President Bola Tinubu’s request to raise N1.15 trillion from the domestic debt market to finance the unfunded portion of the 2025 budget deficit, further deepening concerns over Nigeria’s surging debt profile. Nigeria's debt profile reached a record high of N152.39 trillion (approx. $99.68 billion) as of June 2025,…

Gabon court jails ex-first lady, son 20 years for grand corruption

By Obinna Uballa A Gabonese court has sentenced former First Lady Sylvia Bongo and her son, Noureddin Bongo Valentin, to 20 years in prison after finding them guilty of large-scale embezzlement of public funds and other corruption-related offences. The verdict, delivered on Wednesday after a two-day trial in Libreville, comes more than a year after…

Ad

By Kolawole Ojebisi

A Federal High Court sitting in Lagos has adjourned the trial of former Governor of Ekiti State, Ayodele Fayose to October 20.

Fayose was present in court on Monday but the case failed to go on due to the absence of the prosecution counsel.

The court adjourned the case at the instance of the Counsel to the Economic and Financial Crimes Commission (EFCC), Rotimi Jacobs who informed Justice Chukwujekwu Aneke of the unavailability of the witness to testify.

The lawyer said that that the witness had informed him that “one of his family members was being quarantined in the Isolation centre.”

The Counsel subsequently asked the court for an adjournment.

Counsel to the former governor, Olalekan Ojo, did not oppose the request for an adjournment.

Justice Aneke then adjourned the case to October 20 for the continuation of the trial.

At the last sitting of the court on March 5, 2020, the EFCC had called its fifth witness in the N2.2bn fraud trial of the former governor.

The witness, a banker, Johnson Abidakun, who worked as Head of Operations at the Ado Ekiti Branch of Zenith Bank told Justice Aneke how the bank moved the sum of N200m from Fayose’s home sometime in April 2016.

Recall that the EFCC arraigned Fayose on 11 counts of money laundering on October 22, 2018, alongside his company, Spotless Investment Ltd.

He pleaded not guilty to the charge and was granted bail in the sum of N50m, with one surety in like sum.

The anti corruption agency had summoned different persons as prosecution witnesses in the litigation; prominent among the witnesses is Senator Musiliu Obanikoro, former Minister of State for defence.

Obanikoro, who was initially lumped with the defendants, was called by the EFCC to serve as its fifth witness when the case was ‘reopened’ on January 21, 2019.

Recall, too, that Obanikoro, under cross-examination by counsel for the second defendant, Olalekan Ojo, SAN, said he was testifying against Fayose “reluctantly”, adding that they enjoyed a good relationship while they were both members of PDP.

He said: “I am giving this evidence reluctantly. It’s very painful for me to give evidence against him.”

He, however, told the court that despite testifying against Fayose, he would not want their relationship destroyed.

“I am trying to restrain myself from saying things that will further damage our relationship,” he added.

When asked if he knew the source of the money he was giving to Fayose, he answered in the negative, saying, “I did not know the source of this money because the NSA did not tell me.”

Ad

X whatsapp