Fayose be remanded in EFCC’s custody
Justice Olatoregun ordered that Fayose be remanded in EFCC’s custody in the interim.
EFCC arraigned Fayose on an 11-count charge of violating the Money Laundering Act.
He was charged with his company, Spotless Limited.
EFCC said Fayose and his associate Abiodun Agbele, who is facing a different charge, allegedly took possession of N1, 219, 000, 000 on June 17, 2014 to fund the former governor’s 2014 gubernatorial campaign.
The commission said Fayose “reasonably ought to have known” that the money “formed part of the proceeds of an unlawful act, to wit: criminal breach of trust/stealing.”
The alleged offence is contrary to Section 15 (2) (d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 15 (3) and (4).
EFCC said Fayose, on the same day, received cash payment of $5million from then Minister of State for Defence Senator Musiliu Obanikoro, without going through a financial institution, the sum having exceeded the amount authorised by law.
The alleged offence, EFCC said, contravenes Sections 1 and 16 (d) of the Money Laundering (Prohibition) Act 2011.
The commission said Fayose benefitted from N4.65billion slush funds allocated by the Office of National Security Adviser (ONSA) under Col. Sambo Dasuki (rtd) during the Goodluck Jonathan Administration.
EFCC listed Obanikoro as one of 22 witnesses that will testify in the trial.
Fayose was also accused of retaining stolen N300million in his fixed deposit account, and allegedly deposited another stolen N317million in an belonging to Spotless Investment Limited, a company controlled by him and members of his family.
He was also accused of acquiring several property in Lagos and Abuja, including one bought in his elder sister’s name using part of the stolen funds.
In the last count, EFCC said Fayose, on or about January 30, 2015, did procure Still Earth Limited to retain in its account, the sum of N132.5million.
The sum, said the prosecution, “formed part of the proceeds of your unlawful activity, to wit: gratification which you received from Samchase Nigeria Limited.”
No comments:
Post a Comment