Governor Fayose Yet To Regain Freedom, As Bail Conditions Are Yet To Be Met
LEADERSHIP Friday investigation revealed that the embattled former governor was yet to meet his bail conditions.
According to one of the court officials, who spoke on conditions of anonymity, the verification of the N50 million bond, which is one of the bail conditions, has not been done.
It was reported that although the former governor has met other bail conditions, he cannot go home until the bail bonds are verified by the court registrar as ordered by the court.
The former governor, who is standing trial before the court on an 11-count charge of laundering the sum of N6.9 billion, was also ordered by the judge that his two sureties must issue a N50 million bond from a reputable bank as well as possess three years tax clearance certificate.
The court further ordered that the former governor must deposit his travelling passport with the court and must not travel outside the court’s jurisdiction during the proceedings without the court’s permission.
But as at 4:00pm on Thursday when the court was closed for the day, some family members, political associates and aides, including, Fayose’s spokesman, Lere Olayinka were seen leaving the court premises disappointed.
They had come to the court as early as 9:00am, in the hope that Fayose’s lawyer would be able to clear any of the outstanding bail conditions.
Efforts to speak to Olayinka’s reaction to the development was not successful, as he not disposed to speak out.
The Economic and Financial Crimes Commission (EFCC) had arraigned Fayose before the court alongside his company, Spotless Limited and one Abiodun Agbele for money laundering and fraud.
The commission accused the former governor of taking possession of the sum of N1.2 billion on June 17, 2014 for purposes of funding his gubernatorial election campaign in Ekiti State, which sum they reasonably ought to have known formed part of crime proceeds.
The EFCC also alleged that Fayose received a cash payment of the sum of five million dollars, (about N1.8 billion) from the then Minister of State for Defence, Senator Musiliu Obanikoro, without going through any financial institution and which sum exceeded the amount allowed by law.
The commission further claimed that the accused persons allegedly retained the sum of N300 million in his Zenith Bank account and took control of the aggregate sums of about N622 million which sum he ought to have known formed part of crime proceeds.
Fayose was alleged to have procured De Privateer Ltd and Still Earth Ltd, to retain in their Zenith and FCMB accounts, the aggregate sums of N851 million which they reasonably ought to have known formed part of crime proceeds.
The accused persons was also alleged to have used the aggregate sums of about N1.6 billion to acquire properties in Lagos and Abuja, which sums he reasonably ought to have known formed part of crime proceeds.
The accused was also alleged to have used the sum of N200 million, to acquire a property in Abuja, in the name of his elder sister Moji Oladeji, which sum he ought to know also formed crime proceeds.
The offences contravenes the provisions of sections 15(1), 15 (2), 15 (3), 16(2)(b), 16 (d), and 18 (c) of the Money Laundering Prohibition Act 2011
Fayose, however pleaded not guilty to the charge.