EFCC to appeal to Fayose’s release in the N6.9BN fraud case

The Economic and Financial Crime Commission (EFCC), has announced his intention to appeal to the release of the former Governor of the State Ekiti, Ayo Fayose, for alleged allegations of money laundering and theft of N6.9 billion.

The former governor was dismissed and released on Wednesday in a Tengara Decision by Judge Chukwekekwu Aneke from the Federal High Court, Ikoyi, Lagos, who also cleaned the Fayose company, Investment Limited, from the 11-Calculation accusations submitted to them by the Anti-Graft Agent which was originally submitted in 2019.

But while reacting to the decision,
EFCC, in a statement issued by the head of the media and its publicity, Dele Oyewale, said he would appeal to the assessment because he was not satisfied with the results.

Oyewale stated that the agency had immediately begun the process of challenging the decision in the appeal court.

‘Sequel to the judgment of Justice Chukwujekwu Aneke of the Federal High Court Sitting in Ikoyi, Lagos, on Wednesday, July 16, 2025, Acquitting and Discharging a Follow Governor of Ekiti State, Mr. Come on Fayose from an Alleged Money Laundering Case Preferred Against Him by the Economic and Financial Crimes Commission, EFCC, the Commission Wishes to State that is Already Studying the Ruling and Preparing for an Appeal, “said Oyewale.

“The former governor was rearranged on Tuesday, July 2, 2019, along with Spotless Investment Limited on the accusations of 11-calculations bordering money laundering and stealing to N6.9BN (six billion nine hundred nine hundred).

“EFCC reiterated its commitment to the rule of law for giving direction to his legal counsel to appeal to the decision.”