Ayodele Fayose

The Economic and Financial Crimes Commission, EFCC, has named Senator Musiliu Obanikoro, Alex Otti, former Group Managing Director of Diamond Bank and others witnesses to testify against former Ekiti State Governor, Ayodele Fayose after it filed an 11-count charge bordering on money laundering on the former Governor

EFCC had transferred Fayose from their Abuja office to Lagos, in order for him to be arraigned before the Federal High Court sitting in Lagos on Monday.

Some of the charges against Fayose read in part,”That you Mr. Ayodele Fayose and Mr. Abiodun Agbele (now facing another charge) on or about 17th June, 2014 in Lagos, within the jurisdiction of this Honourable Court, took possession of the sum of N1, 219, 000, 000.00 (One Billion, Two Hundred and Nineteen Million Naira) to fund your 2014 gubernatorial campaign in Ekiti State, which sum you reasonably ought to have known formed part of the proceeds of an unlawful act, to wit: criminal breach of trust/stealing and you thereby committed an offence contrary to Section 15 (2) (d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15 (3) and (4) of the same Act.

That you Mr. Ayodele Fayose on or about 17th June, 2014 in Lagos, within the jurisdiction of this Honourable Court, without going through the financial institution received cash payment in the sum of $5, 000, 000 (Five Million Dollars) from Senator Musiliu Obanikoro the then Minister of State for Defence, which sum exceeded the amount authorised by law and you thereby committed an offence contrary to Sections 1 and 16 (d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 16 (2) (b) of the same Act.

That you Mr. Ayodele Fayose on or about 7th April, 2015 in Lagos, within the jurisdiction of this Honourable Court, did retain in your fixed deposit account No: 9013074033 with Zenith Bank Plc, the sum of N300, 000, 000.00 (Three Hundred Million Naira) which sum you reasonably ought to have known formed part of proceeds of an unlawful act, to wit: criminal breach of trust/stealing and you thereby committed an offence contrary to Section 15 (2) (d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15 (3) of the same Act.

That you Mr. Ayodele Fayose and Spotless Limited between 17th June, 2014 and 4th August, 2014 in Lagos, within the jurisdiction of this Honourable Court, took control of an aggregate sum of N317, 000, 000.00 (Three Hundred and Seventeen Million Naira) by depositing same into the Zenith Bank Plc’s Account No: 1010170969 belonging to Spotless Limited, a company controlled by you and members of your family and which sum you reasonably ought to have known formed part of proceeds of an unlawful act, to wit: criminal breach of trust/stealing and you thereby committed an offence contrary to Section 15 (2) (d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15 (3) of the same Act.

It would be recalled that Fayose visited the anti-graft agency’s office on Tuesday, October 16th, to answer questions regarding his involvement in the $2.1 billion arms procurement funds, that he allegedly received N1.3 billion from the office of the former National Security officer, Sambo Dasuki, through Musiliu Obanikoro for the rigging of the 2014 gubernatorial election in Ekiti state.