Ex-governor Ayodele Fayose’s trial will begin today at the Federal High Court, Lagos.
Anti-graft agency, EFCC, will be arraigning the immediate past governor of Ekiti State on an 11-count charge, after flying him to Lagos from Abuja on Sunday.
Fayose will be facing a joint trial alongside Mr. Abiodun Agbele (now facing another charge) and Spotless Limited.
According to the EFCC, Fayose and Agbele allegedly took possession of the sum of N1, 219, 000, 000.00 to fund his 2014 gubernatorial campaign, which Fayose ought to have known formed part of the proceeds of an unlawful act.
On June 17, 2014 in Lagos, Fayose was alleged to have, without going through the financial institution, received a cash payment of $5, 000, 000 from Senator Musiliu Obanikoro, the then Minister of State for Defence, which sum exceeded the amount authorised by law.
On April 7, 2015 in Lagos, Fayose was further alleged to have retained in his fixed deposit account No: 9013074033 with Zenith Bank Plc, the sum of N300, 000, 000.00.
It was alleged that both Fayose and Spotless Limited between June 17, 2014 and August 4, 2014 in Lagos, took control of an aggregate sum of N317, 000, 000.00 by depositing same into the Zenith Bank Plc’s Account No: 1010170969 belonging to Spotless Investment Limited, a company controlled by him and members of his family.