Alleged N6.9bn: Court adjourns Fayose’s fraud trial till May 8

The Federal High Court in Ikoyi, Lagos State, adjourned further hearings in the trial of former Ekiti State governor Ayodele Fayose and his company, Spotless Investment Limited, over an alleged N6.9 billion fraud until May 8, 2023.

This was disclosed in a statement shared via the Economic and Financial Crimes Commission’s Twitter handle on Tuesday.

The statement read, Justice Chukujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos, on Tuesday, March 21, 2023, adjourned further hearing in the trial of a former governor of Ekiti State, Ayodele Fayose and his company, Spotless Investment Limited, over an alleged N6.9bn fraud, till May 8, 2023.

“The Lagos Zonal Command of the EFCC had, on Tuesday, July 2, 2019, re-arraigned Fayose and Spotless Investment Limited on an 11-count charge bordering on money laundering and stealing to the tune of N6.9bn (Six Billion Nine Hundred Naira).

“The defendants had first been arraigned on October 22, 2018, before Justice Mojisola Olatoregun.

“At the resumed sitting today, the 12th prosecution witness, PW 12, Musiliu Obanikoro, a former Minister of State for Defence, told the court that he had no document showing that he withdrew the sum of N1.2billion, which he allegedly gave Fayose.”