• Latest
  • Trending
  • All
Court Adjourns Fayose’s Fraud Trial Over Alleged N6.9b

Court Adjourns Fayose’s Fraud Trial Over Alleged N6.9b

Tinubu resolves Rivers Crisis, reunites Fubara, Wike, Lawmakers (Video)

Tinubu resolves Rivers Crisis, reunites Fubara, Wike, Lawmakers (Video)

What Benefits Tinubu’s New Tax Laws Mean for Nigerians and Businesses?

What Benefits Tinubu’s New Tax Laws Mean for Nigerians and Businesses?

What is a Meerkat? – The New Trending Meme

What is a Meerkat? – The New Trending Meme

Ibas faults NBA for moving Conference from Rivers to Enugu, demands Refund of N300m Hosting Rights

Rivers LG Administrator Resigns

2027: Atiku, Amaechi, El-rufai form New Political Party, writes INEC

2027: Atiku, Amaechi, El-rufai form New Political Party, writes INEC

Court remands TikToker For Bathing On Street

Court remands TikToker For Bathing On Street

JUST IN: Presidency warns Nigerians, Leaders over Opposition to Tinubu’s Tax Reform Bills

Tinubu lands in Benue amidst Aftermath of Yelewata attack

CAC Increases Service Fees from  August 1

CAC Increases Service Fees from August 1

Benue: Military deploys Air Surveillance after Terror Invasion killed over 100 in Guma

Benue: Military deploys Air Surveillance after Terror Invasion killed over 100 in Guma

DEMOCRACY ON TRIAL: A LEGAL REFLECTION ON 25+ YEARS OF CIVILIAN RULE IN NIGERIA

DEMOCRACY ON TRIAL: A LEGAL REFLECTION ON 25+ YEARS OF CIVILIAN RULE IN NIGERIA

Air India Plane carrying 242 Passengers Crashes after Takeoff (Video)

Air India Plane carrying 242 Passengers Crashes after Takeoff (Video)

‘We have recovered reasonable amount’ – EFCC gives update on N1.3trn CBEX crypto fraud

CBEX Resumes Operations, asks Nigerian Investors To Deposit $200

  • About Us
  • Advertise with Us
  • Editorial Policy
Friday, June 27, 2025
  • Login
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus
No Result
View All Result
iDeemlawful
No Result
View All Result
No Result
View All Result
iDeemlawful
  • Home
  • News
  • Featured
  • Politics
  • Commentary
  • Editorial
  • Campus
Home CourtRoom

Court Adjourns Fayose’s Fraud Trial Over Alleged N6.9b

by iDeemlawful
February 2, 2023
A A
Court Adjourns Fayose’s Fraud Trial Over Alleged N6.9b
FacebookTwitterWhatsapp

Justice Chukujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos, on Wednesday, February 1, 2023, adjourned further hearing in the trial of a former governor of Ekiti State, Ayodele Fayose, and his company, Spotless Investment Limited, over an alleged N6.9bn fraud, till March 20, 2023.

The Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, had, on Tuesday, July 2, 2019, re-arraigned Fayose and Spotless Investment Limited on an 11-count charge bordering on money laundering and stealing to the tune of N6.9bn ( Six Billion Nine Hundred Naira).

The defendants had first been arraigned on October 22, 2018 before Justice Mojisola Olatoregun.

RelatedPosts

Tinubu resolves Rivers Crisis, reunites Fubara, Wike, Lawmakers (Video)

What Benefits Tinubu’s New Tax Laws Mean for Nigerians and Businesses?

What is a Meerkat? – The New Trending Meme

Rivers LG Administrator Resigns

When asked about his experience at the EFCC by the prosecution counsel, Rotimi Jacobs, SAN, at the resumed sitting today, Musiliu Obanikoro, a former Minister of State for Defence, said: “I turned myself in at the EFCC.

“ I came in from the United States of America, USA, and walked into the EFCC office.

“I was immediately criminalized and locked up for 21 days.

“Yes, a letter of complaint was written from the Office of the National Security Adviser, NSA. But I believe that it was written out of ignorance because after all the investigations, I was exonerated.”

During cross-examination by counsel to the second defendant, Olakekan Ojo, SAN, on how the sum of N2.2bn was budgeted for the 2014 Ekiti State governorship election of Fayose from the Office of the NSA, Obanikoro stated that the funds came from the NSA’s Security account to Silver Maclamaran Nigeria Limited, a company under his control.

He, however, distanced himself from the operations of Silver Macmalaran, the company whose account was used to warehouse the sum of N2.2bn from the NSA’s impress account.

When asked what he knew about the fund-raising committee set up for the 2014 Ekiti State governorship election of Fayose, he said: “I was the chairman of the Committee and a lot of funds were contributed even up to the national level of our party.”

Also, when asked if he could remember the name of any member of the fund-raising committee, he mentioned two names: T.K. Aluko and Lateef Agbaje.

Obanikoro, who admitted being the owner of Silver Maclamaran, however, denied being a signatory to the company.

According to him, “ Olalekan Olafare is signatory to the company’s account.”

The case was adjourned to March 20 and 21, 2023 for continuation of trial

Previous Post

Supreme Court Dismisses Suit Against Oyetola’s Participation In Osun Election

Next Post

UNIBEN Students Beat Up Nigerian Soldier Over Cash Withdrawal Queue At ATM [VIDEO]

iDeemlawful

iDeemlawful

Related Posts

Nnamdi Kanu’s Sister-in-law barred from Court for Livestreaming Proceeding
CourtRoom

Nnamdi Kanu’s Sister-in-law barred from Court for Livestreaming Proceeding

Court Fixes Dec 1 For The Judgment On Ogun PDP Guber Ticket Tussle [Details]
CourtRoom

NJC Suspends Justices Iyang, Ekwo, Aliyu For 1 Year Over Misconduct, 27 Others Face Probe

Controversial Singer Portable Remanded In Kwara Prison
CourtRoom

Controversial Singer Portable Remanded In Kwara Prison

Rivers Chief Magistrate Resigns over ‘State Emergency Rule’
CourtRoom

Rivers Chief Magistrate Resigns over ‘State Emergency Rule’

Court stops Senate disciplinary action against Natasha Akpoti
CourtRoom

Judge rescue-self from Natasha’s case against Akpabio

Court adjourns Nnamdi Kanu’s trial indefinitely
CourtRoom

Nnamdi Kanu to Defend Self in Court without Lawyers as Trial Resumes

Court adjourns Nnamdi Kanu’s trial indefinitely
CourtRoom

JUST IN: Nnamdi Kanu’s case reassigned to New Judge

Court clears Naira Marley, Sam Larry, PrimeBoy of Mohbad’s Death
Breaking News

Court clears Naira Marley, Sam Larry, PrimeBoy of Mohbad’s Death

Court orders OSSIEC to hold Osun LG Election
CourtRoom

Court orders OSSIEC to hold Osun LG Election

Court Sentences Judges, Cashier, others To Prison Over N500m Fraud
CourtRoom

Court orders 15 ‘Strokes of Cane’ for Driver who assaulted Policeman

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

iDeemlawful

Copyright © 2019–2025 Deemlawful Media

  • About Us
  • Advertise with Us
  • Editorial Policy

Connect With Us

No Result
View All Result
  • Home
  • News
  • Featured
  • Politics
  • Life Style
  • Advertise with Us
  • Opinion
  • Campus

Copyright © 2019–2025 Deemlawful Media

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In