Former Ekiti State Governor Ayodele Fayose may have to forget that he owns at least six choice assets, if he is been found guilty by the court after the allegations placed by the Economic and Financial Crimes Commission (EFCC) against him.
The anti-graft agency may apply for permanent forfeiture of the assets in Lagos and Abuja.
Fayose has decided not to write a statement and he also rejected the bail offer that was granted to him by the EFCC, insisting that he should be taken to court for trial.
He was said to have preference for bail terms given by the court than EFCC.
According to reports, a planned protest march will be staged by the former Governor’s associates to the EFCC office.
Fayose is being detained in connection with the ongoing probe of N4.685billion allocated to some Politically Exposed Persons (PEPs) by the Office of the National Security Adviser (ONSA).
Of the cash, detectives traced N2.0030billion to ex-Deputy Governor Iyiola Omisore, N685million to a former Minister of State for Defence, Sen. Musiliu Obanikoro and N1.3billion and $5.377million (at the exchange rate of N168 to $1) to Fayose.
Both Omisore and Obanikoro had been quizzed. Fayose has refused to cooperate with the anti-graft agency.
According to a source, the commission may approach the court for permanent confiscation of six properties of Fayose to recover N1.3billion and $5.377million allegedly collected by the ex-governor.
The assets are located in 44, Osun Crescent and 32, Yedseram Street in Maitama, Abuja; and houses 3, 4, 6, and 9 in Plot 100, Tiamiyu Savage Street, Victoria Island, Lagos.
Although two other houses were linked with Fayose in Fagbohun Street, GRA, Iyaganku and another near Court of Appeal, GRA, Ibadan, they may be part of a separate trial of the ex-governor in Ibadan.
Another source said: “We may apply for the permanent forfeiture of the six assets traced to Fayose in Lagos and Ibadan.
“The duplex in Osun Crescent was allegedly bought for N200million from the defunct Skye Bank Plc. The one located in Yedseram Street in Abuja was purchased at N270million from a businessman.
“All the houses in Lagos were paid for by Abiodun Agbele, an associate of the ex-governor who is on trial. Agbele allegedly paid over N880million for the properties in Lagos.”
A fact-sheet showed that the duplexes were “acquired within 180 days in office by Fayose”.
“The houses were bought through his associate’s company, De-Privateer Limited. De-Privateer remitted slush funds into three accounts including FCMB (0519693019), First Bank of Nigeria (1000070240) and Zenith Bank (1014016919).
“The payments were made as follows: First Bank—N40m (29/1/15); N39.5m (30/1/15); N132.5 (30/1/ 15); N3.2m (4/2/15); N980, 000(4/2/15); N200m (17/2/15); N47m (13/2/15); N50m (13/2/15).
“The lodgments in an account in Zenith Bank (1014016919) included N42.5m (9/4/15); N25m (23/4/15); and N229m(6/3/15).
“About N200million was paid into FCMB account 0519693019 on March 9, 2015.”