EFCC re-arraigns Fayose for alleged money laundering
The Economic and Financial Crimes Commission on Tuesday re-arraigned former Ekiti State Governor Ayo Fayose for alleged money laundering.
The re-arraignment followed the re-assignment of the case to Justice Aneke after the EFCC said it no longer had confidence in Justice Mojisola Olatoregun, who was previously adjudicating on it.Fayose was arraigned last October 22 on an 11-count charge of receiving and keeping N1.2billion and $5million allegedly stolen from the Office of National Security Adviser .He pleaded not guilty to the same charge and was allowed to remain on the bail granted him by Justice Olatoregun.
Tuesday, prosecuting counsel Adebisi Adeniyi, who stood in for Rotimi Jacobs , did not oppose an application by defence counsel Ola Olanipekun that Fayose be allowed to remain on bail. EFCC alleged that Fayose and an aide Abiodun Agbele took possession of N1.219billion from ONSA to fund his governorship campaign, knowing fund is proceed of “stealing”.
EFCC said Fayose lodged N305,760,000 in his account when he ought to know the money formed part of proceeds of an unlawful act. Fayose allegedly used N1,151,711,573 to acquire chalets 3 and 4, 6 and 9 on Plot 100 Tiamiyu Savage Street, Victoria Island, Lagos in the name of JJ Technical Service.
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