Fayose pleads not guilty to money laundering allegation

The money laundering case of the former governor of Ekiti State, Ayodele Fayose, has been adjourned by the Federal High Court in Lagos till Wednesday, October 24, 2018.

Mr Fayose was arraigned before the court on Monday, on an 11-count charge by the Economic and Financial Crimes Commission (EFCC), over alleged money laundering, he pleaded not guilty to all the allegations.

The Prosecution Counsel, Rotimi Oyedepo, prayed to the court to remand the defendant in prison custody pending determination of his bail application.

But Fayose’s Counsel, Kanu Agabi, a Senior Advocate, urged the court to remand him in EFCC custody pointing out that the bail application has been filed.

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After entertaining submission of counsels, Justice Mojisola Olatoregun ordered that Fayose be remanded in EFCC Custody.

The anti-graft agency is accusing Fayose of benefitting from about five billion dollars funds allocated by the Office of the National Security Adviser during the previous administration.

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