Fayose’s N2.2bn Case: You Are Free To Go Abroad For Medicals, Court Tells ex-Gov

Hamilton Nwosa
Writer
APC Loses Bid To Sack Fayose At S/Court

Ad

Oil Prices Rally as the Geopolitical Risk Premium Rebuilds

Light crude oil futures rose for the week, closing Thursday at $63.52, up $1.54 or +2.48% from last Friday’s close, as geopolitical tensions, bullish inventory data, and renewed demand optimism drove a shift in market sentiment. The recovery followed two weeks of selling pressure and marked a return of bullish interest as supply-side risks reentered…

Japan designates Kisarazu as official hometown for Nigerians

In a landmark move to boost cultural ties and economic cooperation, the Government of Japan has designated the city of Kisarazu as the official hometown for Nigerians wishing to live and work in the country. The announcement was made on Thursday on the sidelines of the Ninth Tokyo International Conference on African Development (TICAD9), held…

FG to raise N200bn through two bond offers at August auction

By Obinna Uballa The Debt Management Office (DMO) has announced plans to raise N200 billion through two Federal Government bond offerings scheduled for auction on August 25, 2025. According to a notice issued by the DMO on Friday, the subscription price for each bond is fixed at N1,000 per unit, with a minimum subscription requirement…

Ad

The Federal High Court sitting in Lagos on Friday granted an application by an erstwhile governor of Ekiti State, Chief Ayo Fayose to travel abroad for his medicals.

The  immediate past governor of Ekiti state, Chief Fayose  is facing trial over an alleged N2.2billion inappropriate expenditure.

Justice C.J. Aneke who made the order following an application by Fayose’s lawyer, Ola Olanipekun (SAN), also asked for the opinion of the Economic and Financial Crimes Commission, which is prosecuting Fayose through its counsel Rotimi Jacobs (SAN).

The application by ex-governor Fayose to proceed abroad  for his medicals was however,  not opposed by the EFCC.

However, the trial  judge  later adjourned further hearing on the substantive   case till January 22, 2021.

Recall that Chief Fayose is  facing  trial alongside a company known as  Spotless Investment Ltd. The EFCC which is the prosecution in the case has alleged, among other issues that Fayose, on June 17, 2014, “took possession of the sum of N1, 219,000,000 to fund your 2014 gubernatorial campaign in Ekiti State.”

According to the EFCC,  Fayose” reasonably ought to have known(that the funds) formed part of the proceeds of an unlawful act, to wit: criminal breach of trust/stealing.”

The ex-governor was also alleged to have on the same day “received a cash payment of $5,000,000 from Senator Musiliu Obanikoro, the then Minister of State for Defence, which sum exceeded the amount authorised by law and you thereby committed an offence contrary to sections 1 and 16(d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 16 (2)(b) of the same Act.”

The EFCC also alleged that Fayose purchased a property known as No.44, Osun Crescent, Maitama, Abuja for N200m in the name of “your elder sister, Mrs Moji Oladeji.”

In his response,  Fayose and Spotless Investment Limited consistently pleaded not guilty to the charges as laid out by the EFCC.

Ad

X whatsapp