Alleged N6.9bn fraud: Court takes notable action on EFCC's prolonged case vs Fayose, see details

• Justice Chukwujekwu Aneke of the national precocious court, Lagos, has reserved ruling connected the no-case submission filed by erstwhile Ekiti authorities governor, Ayodele Fayose, successful his proceedings implicit alleged multi-billion naira wealth laundering
• Fayose and his institution were re-arraigned by the EFCC connected an 11-count complaint of wealth laundering and theft allegedly committed during the politician's tenure arsenic governor
• Justice Aneke has present adjourned the substance and unveiled a day successful July for a ruling connected the no-case submission

Legit.ng writer Ridwan Adeola Yusuf has implicit 9 years of acquisition covering nationalist affairs and governance successful Nigeria.

Ikeja, Lagos authorities - The national precocious tribunal successful Lagos has reserved ruling connected the no-case submission filed by Ayodele Fayose, a salient erstwhile politician of Ekiti state.

As reported connected Tuesday, May 20, by Channels Television, the tribunal took enactment successful Fayose's proceedings implicit alleged money laundering and theft totalling N6.9 billion.

Court reserves ruling connected Fayose’s no-case submission successful multi-billion naira fraud trial. Photo credits: @abati1990, @Imranmuhdz
Source: Twitter

Guardian besides noted the development.

Fayose, an unfastened protagonist of President Bola Tinubu, was archetypal arraigned connected October 22. 2018, earlier Justice Mojisola Olatoregun.

The ex-governor was arraigned alongside his company, Spotless Investment Limited, connected 11 counts bordering connected fraud and wealth laundering. He had pleaded not blameworthy to the complaint and was subsequently freed.

At the latest trial, the justice reserved his determination (on the no-case submission by Fayose) aft proceeding arguments from Kanu Agabi (SAN), counsel to Fayose (first defendant); Olalekan Ojo (SAN), representing the 2nd suspect (Spotless Investment Limited) and Rotimi Jacobs (SAN), the EFCC's lawyer.

The alleged offences against Fayose reportedly took spot during his tenure arsenic politician and progressive funds allegedly linked to the bureau of Sambo Dasuki, a erstwhile nationalist information advisor (NSA).

Justice Aneke adjourned the substance to July 10, 2025, for ruling connected the no-case submission.

EFCC brag makes vow connected prosecutions

Meanwhile, Ola Olukoyede, the president of the EFCC, precocious insisted that the anti-graft bureau volition analyse and prosecute each fiscal transgression offenders careless of their governmental parties.

The EFCC helmsman, who stated this successful an interrogation connected nationalist television, explained that the committee had ne'er been selective successful its probe and prosecution process. He added that it volition proceed to enactment successful enactment with the EFCC's mandate.

Ola Olukoyede-led EFCC fights and prevents economical and fiscal crimes successful Nigeria. Photos credit: @officialEFCC
Source: Twitter

The EFCC brag said:

“I deliberation Nigerians should admit the benignant of president we person astatine this time, and I americium being superior astir it. It is not due to the fact that I americium occupying this position. Anyone who would beryllium sincere, peculiarly those who enactment with Mr President, those who are members of national enforcement council, those who are heading agencies, ministries and department, immoderate clip you spot Mr President, the assemblage connection is ‘look, what person you done?’ ‘How overmuch person you recovered?"

Read much astir the EFCC:

• CBEX’s biggest losers released arsenic losses transcend N2 trillion, EFCC speaks connected betterment efforts
• CBEX: Names, faces allegedly down N1.3 trillion Ponzi strategy arsenic EFCC vows crackdown

Group urges EFCC to probe Zamfara LGAs funds

Earlier, Legit.ng reported that a civic advocacy group, the Zamfara Accountability and Development Coalition (ZADC), accused apical authorities officials successful Zamfara authorities of diverting funds meant for section authorities development, describing the alleged actions arsenic “economic sabotage” and a betrayal of nationalist trust.

ZADC called connected the EFCC to analyse the alleged misappropriation and prosecute those recovered culpable.

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Source: Legit.ng