N6.9bn Fraud: I was Investigated for financial crimes  -Obanikoro

A former Minister of State for Defence , Senator Musiliu Obanikoro Tuesday, admitted before a Federal High Court in Lagos, that he was investigated by the Economic and Financial Crimes Commission (EFCC) for being privy to illicit transfer of funds. Obanikoro made the statement while giving evidence in the criminal trial of immediate past Governor of Ekiti State, Ayodele Fayose, facing charges of N6.9 billion fraud.  Fayose was arraigned by the Economic and Financial Crimes Commission (EFCC) on October 22, 2018, alongside a company Spotless Investment Limited, on 11 counts.…

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Court grants Fayose N50m bail, fixes Nov. 19, for commencement of trial

A Federal High Court, Lagos, today, October 24, granted bail in the sum of N50 million  to the immediate past Governor of Ekiti State, Ayodele Fayose, standing trial on charges bordering on alleged N6.9billion electioneering campaign  fraud.  Fayose was arraigned on last Monday, October 22, by The Economic and Financial Crimes Commission (EFCC), alongside a company Spotless Investment Limited,  on 11 counts bordering on the offence. He had pleaded not guilty to the charges, while the court had adjourned the case for hearing of his bail application. Meanwhile, the court…

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