As stated in the Vanguard story, prosecution witness Mr. Abubakar Madaki informed the Federal High Court in Lagos on Monday that former governor Ayodele Fayose did not personally carry out any of the financial transactions that were pertinent to the accusations against him.
The allegation is that on June 17, 2014, Fayose and Abiodun Agbele received N1.2 billion, which they "reasonably ought to know" was obtained through unlawful means, in order to finance Fayose's bid for governor of Ekiti.
Additionally, Fayose is charged with taking a $5 million cash payment from Senator Musiliu Obanikoro, the former state minister for defense, without using a financial institution. Furthermore, it is said that he kept N300 million in his account and acquired approximately N622 million, making a total of
A prosecution witness, Mr. Abubakar Madaki, told a Federal High Court in Lagos on Monday that former Governor Ayodele Fayose did not personally carry out any of the financial transactions pertinent to the accusations against him, according to the Vanguard report.
The allegation states that on June 17, 2014, Fayose and Abiodun Agbele received N1.2 billion, which they "reasonably ought to know" was obtained through illegal means, in order to finance Fayose's bid for governor of Ekiti.
Additionally, Fayose is charged with accepting a $5 million cash payment from Senator Musiliu Obanikoro, the former minister of state for defense, without going through a financial institution. He also allegedly gained control of about N622 million and kept N300 million in his account—amounts he "reasonably ought to have known" were proceeds of crime.
According to other claims, Fayose allowed De Privateer Ltd. and Still Earth Ltd. to keep a total of N851 million—again, amounts that they "reasonably ought to have known" to be proceeds of crime.
Furthermore, Fayose is charged with utilizing about N1.6 billion—money he "reasonably ought to know" was connected to illegal activity—to purchase homes in Lagos and Abuja. He also allegedly used N200 million to purchase an Abuja house in the name of Moji Oladeji, his older sister, which he "ought to know" was also a crime.
Sections 15(1), 15(2), 15(3), 16(2)(b), 16(d), and 18(c) of the Money Laundering Prohibition Act of 2011 are violated by these alleged offenses.