Saturday, October 24, 2026

N7 Billion Fraud: Fayose’s trial stalled over date mix-up

The money laundering trial of former Governor Ayodele Fayose could not continue on Wednesday following a date mix-up.

• October 26, 2022
FAYOSE; STASH OF NAIRA

The money laundering trial of former Governor Ayodele Fayose could not continue on Wednesday before the Lagos Division of the Federal High Court following a date mix-up.

Mr Fayose is being prosecuted by the Economic and Financial Crimes Commission (EFCC) for fraud and money laundering charges.

The trial will now continue when the parties have agreed on a date.

He was first arraigned alongside his company, Spotless Investment Ltd, on October 22, 2018, before Justice Mojisola Olatotegun 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.

The defendant was re-arraigned before Justice Chukwujekwu Aneke on July 2, 2019, after the case was withdrawn from Ms Olatoregun following EFCC’s petition.

He had also pleaded not guilty to the charges and was allowed to continue on the earlier bail granted while the case was adjourned for trial.

The commission has since opened its case before Justice Aneke and is still leading witnesses in evidence.

In December 2021, EFCC called its 11th witness, Joanne Tolulope, who had narrated how Abiodun Agbele, an associate of Mr Fayose, bought properties worth several million. 

(NAN)

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