Update In Alleged N6.9bn Fraud Case Against Fayose

A thirteen prosecution witness, PW13, in the trial of Ayo Fayose, former Ekiti State Governor,  Abubakar Aliyu Madaki, an operative of the Economic and Financial Crimes Commission EFCC, on Friday, October 27, 2023, told Justice Chukujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos, that the sum of N1,219,000,000 received by the former governor, from former Minister of State for Defence, Musiliu Obanikoro,  came from the imprest accounts domiciled in the office of former National Security Adviser, Col. Sambo Dasuki( retd).

Fayose and  Spotless Investment Limited were re- arraigned on Tuesday, July 2, 2019 on 11-count charges bordering on money laundering and stealing to the tune of N6.9bn ( Six Billion Nine Hundred Naira).

At the resumed trial on Friday,  Madaki, led in evidence by the prosecution counsel, Rotimi Jacobs, SAN, gave a blow-by-blow detail of the investigations into the sum of N1.2bn that Obanikoro claimed was taken to Fayose in an aircraft. “The money was released from the imprest accounts in the Office of the Secretary to the Government of the Federation, SGF, under the control of the  former National Security Adviser, NSA, Col. Sambo Dasuki (rtd).

“The claim by the first defendant that the N1,219,000,000 received from the former Minister of State for Defence, Musiliu Obanikoro, was the campaign funds from his political party, the Peoples Democratic Party, PDP, was investigated. In our investigations, we contacted the Peoples Democratic Party’s  secretariat in Abuja. The party denied  receiving any money from the  National Security Adviser or from the Office of the Secretary to the Government of the Federation.

“The party also said it did not give any campaign money to Senator Musiliu Obanikoro to give the first defendant.

“So, the funds moved from Diamond Bank to Zenith Bank were clearly the funds that came from the imprest account, which was under the control of the office of the National Security Adviser to President Goodluck, Jonathan, Colonel Sambo Dasuki.”

The witness further told the court that the former Ekiti State governor bought property worth N270million from one Rabiu Kundili in Abuja and also deposited, in a fixed account, the sum of N100million out of the N1.2bn.

According to him, between  June 17 and 27, 2014, the sum of

N150million cash was lodged into the bank account of the second defendant, Spotless Investment Limited, by Biodun Agbele, who was an aide to Fayose.

He also told the court that the sum of N168 million was deposited into Spotless Investment Limited’s bank account on August 24, 2016.

The witness further told the court that both Fayose and Agbele could not explain the source of the money deposited into the account of the second defendant.

The case was adjourned till November 24, 2023, for continuation of trial.

Fayose and Spotless Investment Limited were first  arraigned on October 22, 2018 before Justice Mojisola Olatoregun.