Court Adjourns Money Laundering Case Against Fayose Till January

A Federal High Court sitting in Ado Ekiti has adjourned till January 24, 2013 proper hearing in the case of alleged money laundering preferred against former Ekiti State governor, Ayodele Fayose, by the Economic and Financial Crimes Commission (EFCC). At the resumed hearing of the case yesterday, the EFCC failed in its bid to convince the court to confiscate Fayose’s international passport.

The prosecution counsel, Mr. Adeniyi Adebisi, objected to Fayose’s holding on to his international passport despite the court’s pronouncement that it be deposited in its custody. Adeniyi said part of the seven conditions for Fayose’s bail on January 26, 2008, was that his international passport should be in the court’s custody pending the determination of the case.

The EFCC also presented a newly amended 27-count charge against the former governor, who had been on trial for alleged money laundering since January, 2008. It said Fayose had at various times in 2004 conspired with Biological Concept Nigeria Limited and Avian Specialists Nigeria Limited, consultants to the state government in the Ekiti State Integrated Poultry Project to convert the state funds for personal use.

According to the EFCC, which had initially preferred a 51-count charge against Fayose at the Federal High Court, Lagos; the offence is punishable under section 14 subsection 1 of the Money Laundering Act 2004.

Culled From National Mirror

Short URL: http://www.osundefender.org/?p=71352

Posted by on Nov 23 2012. Filed under AFRICA, CRIME, FEATURE, From The Courts, From The Press, Front Page Story, NEWS, News Across Nigeria. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Photo Gallery

Designed by Gabfire themes