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N6.9b Fraud: EFCC Resumes Fayose’s Trial

by Present Nigeria
October 28, 2023
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Alleged 6.9b Fraud: Fayose’s Trial Moved To March
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A former operative of the Economic and Financial Crimes Commission (EFCC), Mr Abubakar Madaki has told a Federal High Court in Lagos how a former minister of state for defence, Musiliu Obanikoro, handed over the sum of N1,219,000,000 in cash to former Ekiti State governor, Ayodele Fayose.

Fayose and his firm Spotless Investment Limited are being prosecuted by the EFCC for allegedly laundering N6.9 billion.

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Obanikoro had earlier narrated before the Court how N1.2 billion was allegedly taken to former Gov Ayodele Fayose of Ekiti, using an aircraft.

In continuation of his evidence on Friday, Madaki who is the 13th Prosecution Witness, told Justice Chukwujekwu Aneke that out of the money, the former Ekiti State governor bought property worth N270 million from one Rabiu Kundili in Abuja and also deposited in a fixed account the sum of N100 million.

Led in evidence by the prosecution counsel, Mr Rotimi Jacobs, SAN, the EFCC operative stated that between the 17th and 27th of June 2014, a total sum of N150 million cash deposit was lodged into the bank account of the 2nd Defendant (Spotless Investment Limited), by one Biodun Agbele, an aide to the former Ekiti governor, Ayodele Fayose.

The witness further told the court that on the 24th of August 2016, the sum of N168 million was also deposited into Spotless Investment Limited’s bank account.

He maintained that the money was released from the impress accounts in the office of the Secretary to the Government of the Federation and was part of monies under the control of the former National Security Adviser, Col. Sambo Dasuki (retd).

He further stated that the claim by the 1st Defendant (Fayose) that the N1,219,000,000 received from the former minister of state for defence, Musiliu Obanikoro was the campaign funds from his political party, the People’s Democratic Party (PDP), was investigated.

He said, “In our investigation, we contacted the People’s Democratic Party secretariat in Abuja. The party denied receiving any money from the National Security Adviser, or the office of the Secretary to the Government of the Federation. The party also said it did not give any campaign money to Senator Musiliu Obanikoro to give to the first defendant.

“So the funds moved from Diamond Bank to Zenith Bank were the funds that came from the impress account which is under the control of the office of the National Security Adviser to President Goodluck, Jonathan, Colonel Sambo Dasuki.

He said opportunity was given to the first Defendant and his associate, Abiodun Agbele to explain the source of the huge sum of money deposited into the account of the 2nd Defendant but they could not give any reasonable explanation.

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PRESENT, a credible online newspaper from the cell of Red Carpet Communications Limited, is published by an experienced and profoundly resourceful journalist, Yemi Olowolabi.
It leads in lucid presentation of trending stories and breaking news in Politics, Business, Economy, Entertainment, Sports, Lifestyles and Other Features.
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