Fayose was arraigned on Oct. 22. 2018, before Justice Mojisola Olatotegun, alongside a company, Spotless Investment Ltd, on 11 counts bordering on fraud and money laundering offences.He had pleaded not guilty to the charge and was granted bail on Oct. 24, 2018, in the sum of N50 million with sureties in like sum.
Recall that on March 20, a drama had ensued in court midway into trial, between the trial judge, and EFCC counsel, Mr Rotimi Jacobs . Meanwhile, during the last proceedings of May 10, a 13th prosecution witness, Mr Adewale Aladegbola, a former driver of a billion van, had given evidences which the prosecutor described as being contrary to his extra judicial statement to the commission.
During trial before Olatoregun. the prosecution had called witnesses, from Zenith Bank, Diamond Bank, as well as a former Minister of State for Defence , Sen. Musiliu Obanikoro. He was also alleged to have retained the sum of N300 million in his bank account and took control of the aggregate sums of about N622 million which sum he ought to have known formed part of crime proceeds.
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