Tuesday, October 20, 2020

Nigeria: Witness narrates how Ex-governor Fayose moved $548,000 cash from his home to the bank


Federal High Court sitting in Lagos, yesterday, continued hearing in the Economic and Financial Crimes Commission, EFCC, case against former Ekiti State Governor, Mr. Ayodele Fayose, with a banker, Johnson Abidakun, narrating to the court how Fayose in April 2016 allegedly invited his bank to move N200milion ($547,945) cash from his residence for lodgment in an account in the bank.

Fayose, alongside Spotless Investment Limited, is facing an 11 count charge of criminal breach of trust, theft and money laundering to tune of N2.2billion.

Abidakun, Head of Operations at the Ado Ekiti branch of the bank at the time, told the court that his duty was to oversee three units, namely: Funds Transfer; Cash and Teller; and Customer Service.

The trial judge in the matter is Justice C. Aneke. Led in evidence by a member of the prosecuting team, Adebisi Adeniyi, Abidakun said the transaction began with a call on April 16, 2016, from his Zonal Head, Dr. Abiodun Oshode, instructing him about the need to move N200million cash from Fayose’s residence down to the bank.

- Advertisement -

Abidakun said: “I received a call from my Zonal Head, Oshode, that there was an assignment to be carried out; that there was a sum of N200m to be moved from the residence of the then governor, Ayodele Fayose; that we had to go and move the cash urgently and I immediately called upon the cash officer to arrange for policemen.

“The policemen arrived after 30 minutes. We arranged for their payment and called it police money. We also arranged for the cash driver and the cash movers. “So, they set out for the assignment. After about one hour, they came back with the money and the money was counted and ascertained to be N199.5m as against N200m.

While detailed counting of the money was going on, Agbele came in with one other man, Mr. Taofeek. “I know Agbele to be close to the governor but I didn’t know his position; he gave instructions that the money should be credited to the account of Still Earth Nigeria Limited and that the depositor was Mr. Taofeek.” “At the point of posting, I discovered that the deposit slip was filled by my subordinate, Oputu Okeimute.

I asked him why he filled the deposit slip, he said the depositor could not read or write. After that, the money was credited into the account of Still Earth.” Under cross-examination by Fayose’s lawyer, Mr. Ola Olanipekun, SAN, Abidakun affirmed that he did not personally go to Fayose’s house but delegated Adewale Aladegbola to lead the team.

- Advertisement -

($1 = N365)


Ex-managers of Security firm pleads guilty in Santa Clara County concealed gun permit bribery scandal

Two former managers of a Silicon Valley international security firm pleaded guilty Monday to charges related to a bribery scheme to obtain concealed firearms...

Ohio former House Speaker Larry Householder to stand for reelection amid bribery charges

Republican Rep. Larry Householder’s name will be on the ballot Election Day as the disgraced Ohio lawmaker intends to serve his district for another...

Billionaire Robert Smith to Pay $140 million after admitting to tax evasion

Billionaire Robert Smith will pay about $140 million and acknowledge wrongdoing to end a four-year U.S. tax investigation involving assets held in offshore tax...

Mexico’s ex-army chief arrested in US on charges of drug trafficking, money laundering

Former Mexican Defense Secretary Gen. Salvador Cienfuegos, who led the country’s armed forces for six years under then-President Enrique Peña Nieto, has been arrested...

Texas billionaire Robert Brockman charged in $2 billion tax evasion case

Robert Brockman, the Houston billionaire and CEO of a software company, has been charged with taking $2 billion through a scheme to evade taxes,...

Latest News

This Week

Italian police arrests woman close to Vatican cardinal in corruption probe

The Vatican’s swirling corruption investigation has taken a mysterious new twist with the arrest on an international warrant of a Sardinian woman said to...

Cyprus House speaker quits amid passport for sale scandal

Cyprus’ parliamentary speaker has resigned after an undercover news report allegedly caught him on tape promising to help circumvent the country's rules on granting citizenship to foreign investors. Demetris...

Attorney General Dave Yost subpoenaed in Ohio bribery scandal

Federal officials investigating the House Bill 6 bribery scandal subpoenaed records from Attorney General Dave Yost’s office the day before arresting then-House Speaker Larry Householder and...

Former North Macedonia PM linked to new money laundering probe

The Organised Crime Prosecution in North Macedonia on Monday confirmed the arrest of Risto Novacevski – the best man of fugitive ex-prime minister Nikola...

Adblock Detected!

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by whitelisting our website.

Enable Notifications    Ok No thanks