Alleged N6.9billion Fraud: Fayose’s Trial Begins October 21

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The trial of Ayo Fayose, former Governor of Ekiti State accused of money laundering to the tune of N6.9 billion has been slated for October 21 before a Federal High Court in Lagos.

The former Ekiti State Governor is being prosecuted by the Economic and Financial Crimes Commission (EFCC) for fraud and money laundering charges.

It would be recalled  that Fayose was first arraigned on October 22, 2018, before Justice Mojisola Olatotegun, alongside his company, Spotless Investment Ltd, on 11 counts bordering on fraud and money laundering offences.

He had pleaded not guilty to the charges and was granted bail on October 24, 2018, in the sum of N50 million with sureties in like sum.

The defendant was thereafter re-arraigned before Justice Chukwujekwu Aneke, on July 2nd. He had also pleaded not guilty to the charges and was allowed to continue on the earlier bail granted to him.

After his re-arraignment, Justice Aneke had granted leave for the defendant to travel abroad for medicals.

Tribune

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