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Just In! Fayose Pleads Not Guilty To 30.8bn Fraud Charge, Remanded In EFCC Custody


After being in custody for five days, the immediate past governor of Ekiti, Ayodele Fayose, on Monday, October 22, appeared before a Federal High Court, Lagos, charged with N30.8 billion fraud.

Fayose is being prosecuted by the Economic and Financial Crimes Commission (EFCC) alongside his company, Spotless Investment Ltd, on an 11-count charge of N30.8 billion fraud.

The News Agency of Nigeria (NAN) reports that he, however, pleaded innocence of the offences.

After the arraignment of the accused, the defence counsel, Kanu Agabi (SAN), who is a former Attorney General of the Federation (AGF), informed the court of a motion on notice for the bail of the accused.


He told the court that same had been served on the prosecution.

In response, the EFCC prosecutor, Rotimi Oyedepo, confirmed service of the bail application, but told the court that he required time to reply.

Justice Mojisola Olatoregun, consequently, adjourned the case until October 24 for the hearing of the bail application.

Meanwhile, following a plea by defence counsel on the temporary remand of Fayose, the court ordered that he be remanded in custody of the EFCC pending bail.

The ex-governor reportedly arrived around 8.30am, in a White Toyota Hiace bus with an Abuja number plate: BWR-630AT, in company of officials of the Economic and Financial Crimes Commission (EFCC) and officers of the Nigerian Police Force, TheCable reports.

The embattled former governor appeared in court in a gloomy look with a large number of supporters on hand.


Earlier, Legit.ng reported that the EFCC would file an 11-count charge against Fayose, former governor of Ekiti state, on Monday, October 22.

The charges include  in Ekiti state and benefitting from proceeds of money laundering.

Fayose was arraigned before Justice Mojisola Olatoregun on 11 counts bothering on financial fraud and embezzlement.

An official of the commission had reportedly said that Fayose was served with charges in the evening of Friday, October 19.

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