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

2027: Adeola’s wife mobilises Ogun women for Tinubu, Yayi, APC candidates

Wife of Senator Solomon Olamilekan Adeola, Temitope Adeola, has charged APC women in Ogun State…

6 hours ago

Funke Akindele opens up on N1.88bn blockbuster’s production costs

Nollywood filmmaker Funke Akindele has revealed that her blockbuster, Everybody Loves Jenifa, was the most…

7 hours ago

Security operatives rescue 8 Kidnapped victims in Kaduna

Security operatives have rescued eight persons abducted around Millennium City and Maraban Rido in Kaduna…

8 hours ago

Food security: FG offers 40 universities, polytechnics N2bn each

Food security: FG offers 40 universities, polytechnics N2bn eac The Federal Government has offered 40…

8 hours ago

Trump moves to end $3.8bn annual military aid to Israel

LUS President Donald Trump has announced plans to end a 10-year military assistance agreement that…

9 hours ago

How to check your eligibility for FG’s N50,000 cash relief

The Federal Government has commenced N50,000 relief payments to vulnerable Nigerians under its National Emergency…

9 hours ago

This website uses cookies.