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Sunday, July 25, 2021

Fayose’s Trial: We moved N1.2bn cash to airport, says banker

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The N2.2bn fraud trial of a former governor of Ekiti State, Ayodele Fayose, resumed on Monday before the Federal High Court in Lagos, with a bank official narrating how his bank in 2014 moved a cash sum of N1.2bn to the Lagos airport and delivered to a former Minister of State for Defense, Musiliu Obanikoro.

The banker, Adedamola Otuyalo, who appeared as the seventh prosecution witness, said he supervised the movement of the N1.2bn cash on the instructions of his director.

The witness said he was given a document with names of six beneficiaries but he did not see them at the airport.

The Economic and Financial Crimes Commission (EFCC) is prosecuting Fayose alongside a firm, Spotless Investment Limited.

In the charges, the EFCC alleged, among other things, that Fayose, on June 17, 2014, took possession of the sum of N1, 219, 000,000 to fund his 2014 gubernatorial campaign in Ekiti State, which he reasonably ought to have known formed part of the proceeds of an unlawful act, to wit: criminal breach of trust/stealing.

The former governor was also alleged to have on the same day received a cash payment of $5,000,000 from Musiliu Obanikoro, the then Minister of State for Defense, which sum exceeded the amount authorized by law and thereby committed an offense contrary to sections 1 and 16(d) of the Money Laundering (Prohibition) Act, 2011 (as amended) and punishable under Section 16 (2)(b) of the same Act.

The EFCC also alleged that Fayose purchased a property known as No.44, Osun Crescent, Maitama, Abuja for N200m in the name of his elder sister, Moji Oladeji.

But Fayose and Spotless Investment Limited pleaded not guilty to the charges.

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