BAD NEWS: High Court Hit Fayose Hard As He Pleads Not Guilty, To Be Held In EFCC Custody

The prompt past Governor of Ekiti, Ayodele Fayose on Monday appeared under the watchful eye of a Federal High Court in Lagos over assumed misappropriation of N30.8 billion. The disturbed past governor appeared in court in a despairing look with a broad number of supporters close by. He contended not obligated to the 11-check charge. Conflict on his safeguard application is advancing.

EFCC is indicting Fayose close by his organization – Spotless Investment Ltd. After the arraignment of the charged, the bail counsel, Mr Kanu Agabi (SAN), who is a previous Attorney General of the Federation, educated the court of a movement on notice for the bail of the blamed. He told the court that an equivalent had been served on the arraignment. Accordingly, the EFCC Prosecutor, Mr Rotimi Oyedepo, affirmed administration of the bail application yet told the court that he expected time to answer.Judge Mojisola Olatoregun, subsequently, suspended the case until October 24th for the knowing about the bail application.

Meanwhile, following a supplication by assurance coordinate on the short lived remand of Fayose, the court asked for that he be remanded in consideration of the EFCC pending protection. Ayodele Fayose, the immediate past Governor of Ekiti State, has missed out in his offer for a safeguard concede from the Federal High Court sitting in Ikoyi, Lagos express this morning. The Economic and Financial Crimes Commission, EFCC, summoned him on a 11-check charge, verging on maltreatment of office and corruption. He was accused of abusing N30.8 billion while in office, however the ex-Governor argued not liable when the charges were read to him.

Therefore, Kanu Agabi, Fayose’s insight, documented a safeguard application in the interest of his client, however CMA Olatoregun, the Presiding Judge, dismissed the application, and requested that Fayose ought to stay in the EFCC authority, till Wednesday. Fayose is being indicted by the Economic and Financial Crimes Commission (EFCC) close by his organization, Spotless Investment Ltd on a 11-count charge of N30.8 billion misrepresentation. He, however, argued not guilty of the offenses.

The barrier guide, Mr Kanu Agabi (SAN), who is a previous Attorney General of the Federation, educated the court of a movement on notice for the safeguard of the blamed. He told the court that equivalent had been served on the prosecution. In reaction, the EFCC Prosecutor, Mr Rotimi Oyedepo, affirmed administration of the safeguard application, yet told the court that he expected time to answer.

Judge Mojisola Olatoregun, consequently, dismissed the case until October 24th for the becoming aware of the safeguard application. Meanwhile, the court had requested the brief remand of Fayose in the guardianship of the EFCC pending bail. According to the charge, on June 17th, 2014, Fayose and Agbele were said to have claimed the entirety of N1.2 billion for reasons for subsidizing his gubernatorial race in Ekiti State which total they reasonably ought to have known framed piece of wrongdoing continues.

Fayose was alleged to have gotten a money installment of the entirety of five million dollars, (about N18 billion) from the then Minister of State for Defense, Sen. Musiliu Obanikoro, without experiencing any money related establishment and which total surpassed the sum permitted by law. He was additionally affirmed to have held the whole of N300 million in his Zenith Bank account and took control of the aggregate sums of about N622 million which entirety he should have known shaped piece of wrongdoing continues.

Fayose was alleged to have acquired De Privateer Ltd and Still Earth Ltd, to retain in their Zenith Bank and the FCMB accounts, the aggregate sums of N851 million which they reasonably ought to have known framed piece of wrongdoing proceeds. The offenses, as per the EFCC, contradict the arrangements of areas 15(1), 15 (2), 15 (3), 16(2)(b), 16 (d), and 18 (c) of the Money Laundering Prohibition Act 2011.