According to the charge, on June 17, 2014, Fayose and Abiodun Agbele took possession of N1.2 billion to fund Fayose’s gubernatorial election campaign in Ekiti, a sum they “reasonably ought to know” was derived from criminal activities.
Fayose is also accused of receiving a cash payment of five million dollars from the then Minister of State for Defence, Senator Musiliu Obanikoro, without using a financial institution. Additionally, he allegedly retained N300 million in his account and took control of approximately N622 million, sums he “reasonably ought to have known” were proceeds of crime.
Further allegations state that Fayose procured De Privateer Ltd. and Still Earth Ltd. to retain an aggregate sum of N851 million, again sums that were “reasonably ought to have known” as crime proceeds.
Moreover, Fayose is accused of using around N1.6 billion to acquire properties in Lagos and Abuja, funds he “reasonably ought to know” were linked to criminal activities. He is also alleged to have used N200 million to acquire a property in Abuja in the name of his elder sister, Moji Oladeji, which he “ought to know” also constituted proceeds of crime.
These alleged offenses contravene Sections 15(1), 15(2), 15(3), 16(2)(b), 16(d), and 18(c) of the Money Laundering Prohibition Act 2011.CONTINUE FULL READING>>>>>
