Just in: Fayose Beats EFCC, when the court released former governor ₦ 6.9 billion money laundering costs

The Federal High Court in Lagos has officially issued a former Governor of State Ekiti Ayodele Fayose after attacking ₦ 6.9 billion money laundering and theft accusations brought by the Economic and Financial Crime Commission (EFCC).

Judge Chukwekekwu Aneke decided on Wednesday that EFCC did not make the Prima Facie case that connected Fayose with alleged violations and thus, no further defense was needed.

Fayose, in addition to his company Spotless Investment Limited, was re -archived in 2019 with 11 accusations, including revenues of ₦ 1.2 billion and $ 5 million in cash for political campaigns, and washing various amounts through proxies for real estate purchases. The funds were allegedly bound to the office of the former National Security Advisor.

During the trial on May 19, the main advisor of defense, Head of Kanu Agabi San, stated that the prosecution had failed to provide sufficient evidence or demanded a co-conspirator with Fayose, damaged the validity of the alleged violation.

Considering the court’s findings that no cases were permitted have been determined, Judge Aneke officially issued Fayose and his company from the accusation, ending the legal process.