Nation
Alleged N6.9bn Fraud: Court Adjourns Fayose’s Trial Until April 26
A Federal High Court in Lagos, yesterday, adjourned until April 26, the trial of former Governor of Ekiti, Ayodele Fayose, charged with alleged N6.9billion money laundering.
Fayose is being prosecuted by the Economic and Financial Crimes Commission (EFCC).
He was first arraigned on October 22, 2018, before Justice Mojisola Olatoregun, alongside his company, Spotless Investment Ltd, 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, in the sum of N50million with sureties in like sum.
The defendant was subsequently, re-arraigned before Justice Chukwujekwu Aneke, on July 2, 2019, after the case was withdrawn from Olatoregun, following EFCC’s petition.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, and is still leading witnesses in evidence.
Meanwhile, the case which was fixed for continuation of trial, yesterday, could not proceed following the absence of the trial judge, Justice Chukwujekwu Aneke.
Judges of the court are said to be away on a valedictory court session in honour of a retired brother judge, Justice Saliu Saidu.
The event is said to be holding in Illorin.
Fayoses trial, which was previously adjourned for several dates will now resume on April 26, April 27 and April 28, respectively.
According to the charge, on June 17, 2014, Fayose and one Abiodun Agbele were said to have taken possession of the sum of N1.2billion, for purposes of funding his gubernatorial election campaign in Ekiti, which sum he reasonably ought to have known formed part of crime proceeds.
Fayose was alleged to have received a cash payment of $5million (about N1.8 billion) from the then Minister of State for Defence, Sen. Musiliu Obanikoro, without going through any financial institution.
He was also alleged to have retained the sum of N300million in his account and took control of the aggregate sums of about N622million which sum he reasonably ought to have known formed part of crime proceeds.
The defendant was alleged to have procured De Privateer Ltd and Still Earth Ltd, to retain the aggregate sums of N851million which they reasonably ought to have known formed part of crime proceeds.
Besides, he was alleged to have used the aggregate sums of about N1.6billion to acquire properties in Lagos and Abuja, which sums he reasonably ought to have known formed part of crime proceeds.
He was also alleged to have used the sum of N200million, to acquire a property in Abuja, in the name of his elder sister Moji Oladeji, which sum he ought to know also forms crime proceeds.
The offences contravene the provisions of Sections 15(1), 15 (2), 15 (3), 16(2)(b), 16 (d), and 18 (c) of the Money Laundering Prohibition Act 2011.
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Rivers Commissioner Commends WAEC Conduct, Vows Sanctions for Malpractice
The Rivers State Commissioner for Education, Dr. Peters Nwagor, has commended the orderly conduct of the ongoing 2026 West African Senior School Certificate Examination in the state and urged schools to sustain the standard.
Dr. Nwagor gave the commendation on Tuesday during a monitoring tour of selected secondary schools in Port Harcourt and environs where the WAEC exam is ongoing.
The commissioner, who was accompanied by directors and monitors from the Ministry of Education, said he was impressed with the peaceful atmosphere at the centres visited.
“The students conducted themselves properly and wrote their papers under conducive conditions. Invigilators and supervisors also performed their duties professionally,” he stated.

Nwagor noted that the Rivers State Government had invested heavily to ensure the smooth and credible conduct of the examination across the state
He urged candidates to reciprocate government’s effort by shunning all forms of examination malpractice and focusing on their studies.
“Government has done so much to ensure successful examinations in our schools. Students should take advantage of it by remaining focused,” the commissioner said.
While no case of malpractice was recorded in the centres inspected, Dr. Nwagor warned that any principal, teacher, invigilator, or official caught aiding malpractice would face strict sanctions in line with regulations.
He also commended school administrators, teachers, WAEC officials, and security personnel for upholding the integrity of the process.
Centres visited included County Grammar School, Ikwerre/Etche; Government Comprehensive Secondary School, Borokiri; Government Secondary School, Borokiri; and Pabod Model Secondary School.
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