Friday, August 29, 2025
  • About
  • Advertise
  • Careers
  • Contact
Newsroom Nigeria
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life
No Result
View All Result
Newsroom Nigeria
ADVERTISEMENT
Home JUDICIARY

Alleged N6.9bn Fraud: Judge’s Absence Stalls Fayose’s No-Case Submission

The  EFCC had, on Tuesday, July 2, 2019, re-arraigned Fayose and  Spotless Investment Limited on an 11-count charge bordering on money laundering and stealing to the tune of N6.9bn ( Six Billion Nine Hundred Million Naira).

The defendants had first been arraigned on October 22, 2018 before Justice Mojisola Olatoregun.

Newsroom Nigeria by Newsroom Nigeria
July 11, 2025
in JUDICIARY, News
Reading Time: 2 mins read
Alleged N6.9bn Fraud: Judge’s Absence Stalls Fayose’s No-Case Submission

Ayodele Fayose

0
SHARES
Share on FacebookShare on Twitter

Related posts

TINUBU LAUDS PETROBRAS’ IMMINENT RETURN TO NIGERIA AS NIGERIA, BRAZIL SIGN FIVE MOUs TO BOOST ECONOMIC TIES

TINUBU LAUDS PETROBRAS’ IMMINENT RETURN TO NIGERIA AS NIGERIA, BRAZIL SIGN FIVE MOUs TO BOOST ECONOMIC TIES

August 26, 2025
Smart Security Pioneer Tayo Adelakun Pushes Digital Access Systems to Transform Nigerian Business

Smart Security Pioneer Tayo Adelakun Pushes Digital Access Systems to Transform Nigerian Business

August 25, 2025
Ayodele Fayose

The scheduled ruling on the No-case submission filed by a former governor of Ekiti State, Ayodele Fayose, before Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos was stalled on Thursday, July 10, 2025, due to the absence of the Judge.

The  EFCC had, on Tuesday, July 2, 2019, re-arraigned Fayose and  Spotless Investment Limited on an 11-count charge bordering on money laundering and stealing to the tune of N6.9bn ( Six Billion Nine Hundred Million Naira).

The defendants had first been arraigned on October 22, 2018 before Justice Mojisola Olatoregun.

At the last adjourned on May 19, 2025, counsel to Fayose, Chief Kanu Agabi SAN, had argued the no-case submission dated May 16, 2025 and  further submitted that the prosecution had failed to establish a prima facie case against his client.

He had also told the court that Abiodun Agbele, whom he described as a co-conspirator  in the alleged transaction, was not charged alongside Fayose.

“The predicate offences on which these charges are based do not hold water.

“Criminal breach of trust and conspiracy are distinct charges, and no co-conspirator was docked with the defendant, “ he had argued.

Counsel to the second defendant, Spotless Investment Limited, Olalekan Ojo,  SAN, had also adopted the no-case submission.

Responding, the prosecution counsel, Rotimi Jacobs SAN, had urged the court to dismiss the no-case submissions.

Jacobs had also cited a counter-affidavit and written address dated May 8, 2025, and further submitted that the defendants  failed to explain the suspicious financial transactions.

Jacobs had also queried why Fayose did not use his personal bank account for the transactions “if they were clean.”

He had also drawn the attention of the court to the fact that a prosecution witness, Abubakar Madaki, an investigator with the EFCC, had in his testimony, stated that Fayose used associates to purchase properties both in Nigeria and abroad.

“ These are associates who later denied ownership of the properties, even though Fayose had claimed them in his statement,” he had added.

According to him, Obanikoro’s testimony that Fayose personally requested the funds in cash and introduced Agbele to handle the delivery required a defence from the accused.

Consequently, Justice Aneke had adjourned the matter till July 10, 2025( today) for ruling on the no-case submission.

However, the ruling on the no-case submission could not go on Thursday  due to the absence of the Judge, who was said to have “received an official emergency call requiring his attention.

ShareTweetSendShareShare
Previous Post

Empowering Women at Work: How Union Bank’s Family-Friendly Revolution Is Setting New Standards

Next Post

Lagos Assembly Moves to End Perennial Landlord-tenant Crisis

Related Posts

TINUBU LAUDS PETROBRAS’ IMMINENT RETURN TO NIGERIA AS NIGERIA, BRAZIL SIGN FIVE MOUs TO BOOST ECONOMIC TIES
Bilateral Trade

TINUBU LAUDS PETROBRAS’ IMMINENT RETURN TO NIGERIA AS NIGERIA, BRAZIL SIGN FIVE MOUs TO BOOST ECONOMIC TIES

August 26, 2025
Smart Security Pioneer Tayo Adelakun Pushes Digital Access Systems to Transform Nigerian Business
Business and Economy

Smart Security Pioneer Tayo Adelakun Pushes Digital Access Systems to Transform Nigerian Business

August 25, 2025
JAPAN DESIGNATES CITY OF KISARAZU AS HOMETOWN FOR NIGERIANS
Bilateral Trade

JAPAN DESIGNATES CITY OF KISARAZU AS HOMETOWN FOR NIGERIANS

August 22, 2025
TINUBU URGES NIGERIANS IN DIASPORA NOT TO STAY AWAY FROM HOME, SAYS NIGERIA IS ON THE RISE AGAIN
News

TINUBU URGES NIGERIANS IN DIASPORA NOT TO STAY AWAY FROM HOME, SAYS NIGERIA IS ON THE RISE AGAIN

August 21, 2025
Fidelity Bank Resumes International Transactions on Naira Debit Cards
BANKING

Fidelity Bank Resumes International Transactions on Naira Debit Cards

August 21, 2025
Sting Operation at Obasanjo Presidential Library: Court Jails Seven  for Internet Fraud 
Across the Nation

Sting Operation at Obasanjo Presidential Library: Court Jails Seven  for Internet Fraud 

August 20, 2025
Next Post
Lagos Assembly Moves to End Perennial Landlord-tenant Crisis

Lagos Assembly Moves to End Perennial Landlord-tenant Crisis

RECOMMENDED NEWS

N6.5Billion Opioids Intercepted in Lagos, Rivers Ports as NDLEA Nabs Two British Men

3 months ago

Tinubu Signs Four Executive Orders To Ease Tax Burden

2 years ago

SUBSIDY AGONY: KWARA REDUCES WORK DAYS TO THREE

2 years ago

Ambassador Bello Extols Tinubu’s Seven Sterling Qualities

3 years ago

FOLLOW US

ADVERTISEMENT
ADVERTISEMENT

POPULAR NEWS

  • Widow Using Fake Pregnancy to Traffic Cocaine Arrested by NDLEA 

    Widow Using Fake Pregnancy to Traffic Cocaine Arrested by NDLEA 

    0 shares
    Share 0 Tweet 0
  • FORMER PRESIDENTIAL CANDIDATE, GBENGA HASHIM SUPPORTERS TAKE OVER PDP NEC ARENA, CANVASSING SUPPORT FOR HIS PRESIDENTIAL BID

    0 shares
    Share 0 Tweet 0
  • APC Is a Cult, Not a Political Party – PDP Presidential Hopeful, Gbenga Hashim

    0 shares
    Share 0 Tweet 0
  • 2027: FCT PDP Rejects Zoning, Adopts Olawepo-Hashim as Political Leader and Presidential Candidate

    0 shares
    Share 0 Tweet 0
  • Viewpoint: Ogun 2027: Race towards Oke Mosan, By By Muyiwa Akintunde

    0 shares
    Share 0 Tweet 0
ADVERTISEMENT
Newsroom Nigeria

The NEWSROOM NIGERIA is an independent, liberal on – line news platform committed to the right of the individual to pursue his economic happiness, without undue interference of the state. It shall promote the rights of the individual; right to freedom of worship and conscience, and to hold opinions and impact same without hindrance, subject to such laws are as consistent with the constitution and necessary for the protection of the rights of others.

  • About
  • Advertise
  • Careers
  • Contact

© 2025 Newsroom Nigeria - Designed by Semasir Connect.

No Result
View All Result
  • Home
  • News
    • Across the Nation
    • Crime Watch
    • Metro
    • Political Arena
  • Politics
  • Opinions
  • Crime and Court
    • Judiciary
  • Business
    • Banking
    • Business and Economy
    • Business Life

© 2025 Newsroom Nigeria - Designed by Semasir Connect.