Categories: NewsTop Stories

N6.9bn fraud: We’ll appeal Fayose’s acquittal, says EFCC

The Economic and Financial Crimes Commission (EFCC) says it will appeal the judgement acquitting and discharging former Ekiti State Governor Ayodele Fayose from alleged money laundering.

A Federal High Court sitting in the Ikoyi area of Lagos State, on Wednesday, July 16, 2025, discharged and acquitted Fayose of all the charges of money laundering brought against him by the EFCC.

The presiding judge, Justice Chukwujekwu Aneke, upheld Fayose’s no-case submission on the ground that the prosecution failed to establish a prima facie case against him to warrant his defence.

Fayose had been standing trial on allegations bordering on money laundering and fraud during his tenure as governor of Ekiti State.

Money laundering: Court frees Fayose after 7-year trial

Reacting via a statement on Wednesday, the EFCC said it is “already studying the ruling and preparing for an appeal.”

The anti-graft agency further reaffirmed its “commitment to the rule of law as it briefs its counsel to appeal the judgment.”

Fayose was re-arraigned on July 2, 2019, alongside Spotless Investment Limited on an 11-count charge bordering on money laundering and stealing to the tune of N6.9 billion.

The Star

Segun Ojo

Recent Posts

US fast-tracks $16.4bn arms sales to Gulf allies amid Iran conflict

The United States has approved military sales worth $16.46 billion to the United Arab Emirates…

1 hour ago

Adeboye’s wife: I threw my gold jewellery into lagoon after becoming born again

Foluke Adeboye, wife of the General Overseer of the Redeemed Christian Church of God (RCCG),…

2 hours ago

Tinubu fed you for decades — FFK slams Momodu over criticism

Nigerian ambassador-designate Femi Fani-Kayode has called on veteran journalist and politician Dele Momodu to stop…

2 hours ago

Tinubu, Starmer meet in London for bilateral talks

President Bola Tinubu has held talks with British Prime Minister Keir Starmer as part of…

4 hours ago

Army busts illegal mining operation in Abuja

Troops of the Nigerian Army have apprehended eight individuals suspected of engaging in illegal mining…

5 hours ago

Elumelu Foundation to empower 3,200 entrepreneurs, announces 2026 cohort March 22

The Tony Elumelu Foundation, the philanthropy empowering young African entrepreneurs, will announce the 12th cohort…

5 hours ago

This website uses cookies.