Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    UK Introduces Tougher Gun Laws Following Deadly Shootings

    August 5, 2025

    Obi Wants To Become President Because He Cares About Nigeria – Chimamanda

    August 5, 2025

    Civil Rights Group Wants EFCC To Investigate NNPCL CFO

    August 5, 2025
    Facebook X (Twitter) Instagram
    Trending
    • UK Introduces Tougher Gun Laws Following Deadly Shootings
    • Obi Wants To Become President Because He Cares About Nigeria – Chimamanda
    • Civil Rights Group Wants EFCC To Investigate NNPCL CFO
    • Olubadan-In-Council Nominates Ladoja As 44th Olubadan of Ibadan
    • AfroBasket: Peter Obi Congratulates D’Tigress on Historic Win
    • Wike Slams Critics Of Tinubu’s Government, Says They Are Misinformed
    • NGF, UBEC Unite To Tackle Worsening Learning Crisis
    • Nathaniel Bassey Plans Halleluyah Challenge ‘KiriKiri Edition’
    Facebook X (Twitter) Instagram
    TheScrutinyNG
    Subscribe
    Wednesday, August 6
    • Home
    • Politics
    • Business
    • News
      • World News
    • Sports
    • Interviews
    • Opinion
    • Entertainment
    • Columnists
    • ABOUT US
    TheScrutinyNG
    Home » EFCC Appeals Acquittal Of Fayose’s Ally, Others In ₦1.2bn Money Laundering Case
    3 Mins ReadJuly 8, 2024

    EFCC Appeals Acquittal Of Fayose’s Ally, Others In ₦1.2bn Money Laundering Case

    By Festus AdeloyeJuly 8, 2024No Comments3 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The Economic and Financial Crimes Commission (EFCC) has filed a notice of appeal to challenge the ruling of Justice Nnamdi Dimgba of the Federal High Court which acquitted Abiodun Agbele, an associate of the former Ekiti State Governor Ayodele Fayose, and three others, in the ₦1.2bn money laundering charge brought against them by the commission.

    Agbele and 3 companies linked to him and Fayose, namely Sylvan Mcnamara Limited, De Privateer Limited, and Spotless Investment Limited were listed as the first to fourth respondents in the appeal.

    The ₦1.2bn is said to be part of the sum of ₦4.7 billion belonging to the Federal Government and allegedly transferred from an account associated with the Office of the National Security Adviser (NSA) in the Central Bank of Nigeria.

    On the 21st of June, 2024, Justice Dimgba upheld the no-case submission of Agbele and ruled that he had no case to answer.

    In the notice of appeal, the EFCC, through its prosecuting counsel, Senior Advocate of Wahab Shittu listed 17 grounds of appeal and sought two reliefs from the Court of Appeal:

    First, it sought for an order allowing the appeal set aside the ruling of Justice Nnamdi Dimgba of the Federal High Court, Abuja, and in its place holding that the 1st, 3rd and 4th respondents have a case to answer on counts 1, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23 and 24 of the amended charge.

    The commission also sought an order directing the 1st, 3rd and 4th respondents to enter into their defence before the trial court on listed counts of the amended charge.

    The EFCC expressed its dissatisfaction with the whole decision of the lower court, particularly paragraph 2 of the June 21 ruling.

    The commission also complained about the decision which discharged and acquitted the 1st 3rd and 4th respondents on counts 1, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 1 4, 15, 16, 17, 18, 19, 20, 21, 22, 23 and 24 of the amended Charge, dated March 5, 2024, and filed on March 7, 2024, before Justice Dimgba of the Abuja Division of the Federal High Court, among others.

    The commission said there is overwhelming evidence that N1,219 million from the account of the National Security Adviser (NSA) of Nigeria domiciled with CBN and earmarked for security purposes and paid into the account of the 2nd respondent by the office of the NSA was unlawfully diverted by the 1st, 3rd and 4th respondents to fund Fayose’s governorship election.

    It said the trial court erred in law in holding that, in spite of overwhelming oral and documentary evidence admitted by the trial court showing that the 1st, 3rd and 4th respondents unlawfully retained, transferred and took possession of the various sums of money contained in counts 1 to 24, the 1st, 3rd and 4th respondents still have no case to answer on the said counts as constituted by the appellant.

    Author

    • Festus Adeloye
      Festus Adeloye

      View all posts
    Ayodele Fayose EFCC
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Festus Adeloye

    Related Posts

    Breaking News

    Civil Rights Group Wants EFCC To Investigate NNPCL CFO

    August 5, 2025
    Breaking News

    Trump Imposes 15 Percent Tariff On Nigeria, South Africa, Others

    August 1, 2025
    Breaking News

    Niger Drags FG To Court Over Exclusion From 13 Percent Derivation

    August 1, 2025
    Breaking News

    #EndBadGovernance: Victims Yet To Get Justice One Year After – Amnesty

    August 1, 2025
    Breaking News

    Ekiti Guber: Fayose Blasts Elder Brother Ayodele For Endorsing Oyebanji

    July 31, 2025
    Breaking News

    APC Members In Lagos Protest, Demand Removal Of State Chairman

    July 28, 2025

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    Editor's Picks

    UK Introduces Tougher Gun Laws Following Deadly Shootings

    August 5, 2025

    Obi Wants To Become President Because He Cares About Nigeria – Chimamanda

    August 5, 2025

    Civil Rights Group Wants EFCC To Investigate NNPCL CFO

    August 5, 2025

    Olubadan-In-Council Nominates Ladoja As 44th Olubadan of Ibadan

    August 4, 2025
    Latest Posts
    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • US Politics
    • EU Politics
    • Business
    • Opinions
    • Connections
    • Science

    Company

    • Information
    • Advertising
    • Classified Ads
    • Contact Info
    • Do Not Sell Data
    • GDPR Policy
    • Media Kits

    Services

    • Subscriptions
    • Customer Support
    • Bulk Packages
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2025 The Scrutiny. Designed by Design Streams.

    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.