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Fayose's Alleged Laundered Fayose Alleged Laundered N1.2bn Counted For 10 Days - BANK MANAGER

Ayodele Fayose 


IKOYI, LAGOS STATE, NIGERIA - Justice Chukwujekwu Aneke of a Federal High Court sitting in Ikoyi, Lagos State, Nigeria, was on Wednesday (today) informed that the counting of N1.2 billion which was moved to the branch of a new generation bank in Akure, Ondo State, Nigeria, on behalf of a former Governor of Ekiti State, Dr. Peter Ayodele Fayose, took nothing less than 10 days.

This revelation came from a former Executive staff of the bank, Oluseye Alade while testifying as a prosecution witness in the on-going trial of Dr. Peter Ayodele Fayose alongside his company,    Spotless Limited, over alleged fraud to the tune of N3.3bn.

Speaking during his evidence-in-chief, Oluseye Alade who was the Head of the Akure Branch as of the time of the transaction in 2014 stated how he arranged for a bullion van to pick up the cash warehoused in an Aircraft at the Akure Airport. 

According to Oluseye Slade: "On 17th June, 2014, I received a phone call from Lawrence Akande through Abiodun Oshode, who was my Zonal Head that a customer of the bank will be coming to make cash deposit in Akure. 

"I was told that the customer would be coming by a flight to Akure Airport. 

"After some hours, Abiodun Oshode came to my office to inform me that the said customer was in his office. 

"I then followed him to his office where he introduced one Biodun Agbele to me as the bank customer. 

"I was later instructed to prepare the cash movement team (bullion van and security) to pick the cash from the Airport.

"When the aircraft arrived, three individuals disembarked from it, two of them walked away while the third person walked to Abiodun Agbele. 

"After a short interaction, we were left to offload the cash from the aircraft. 

"One, Adewale O., who introduced himself as the orderly to Senator Obanikoro led us to offload the cash. 

"When we got to the branch, we bundle-counted the cash and it was about N744 million. 

"We were told there was a balance and we went back to the airport to pick the second batch from the aircraft into our bullion van. 

"The second tranche was about N494 million, making a total of N1.2 billion. 

"The money was detail-counted by the Cash and Teller unit for ten days before it was credited into three different accounts."

During Tuesday's (yesterday) proceedings on the matter, a Senior Manager at the Abuja branch of the Central Bank of Nigeria (CBN), Aliu Mohammed, equally revealed how N2.2 billion was transferred into the bank account of a firm, Sylva Mcmanara, from the operational account of the former National Security Adviser (NSA), Col. Sambo Dasuki, at CBN. 

Aliu Mohammed who held sway as the Head of Payment Section at the CBN revealed that payments mandate was first received from the NSA's office on 4th June, 2014 to pay N200 million to Sylva Mcmanara for the purpose of physical security infrastructure. 

Aliu Mohammed further explained that another mandate was also received on 16th June, 2014, for the payment of N2 billion into the firm's account for security services. 

While being cross-examined by Fayose's lawyer, Ola Olanipekun (SAN), the witness said his office did not come across the former governor's name in any of the documents used to process the payments into Sylva Mcnamara account. 

Even a former staff of a bank, Olaitan Fajuyitan, was also on hand on Tuesday to corroborate the CBN's staff claims of funds transfer into Sylva Mcnamara's account. 

Olaitan Fajuyitan equally narrated how the bank was instructed by Sylva Mcnamara to pay the sum of N1.2 billion to six individuals on the same day, N2 billion was transferred to the account by CBN. 

Olaitan Fajuyitan said: "The payment instruction was signed by the authorizing signatory of Sylva Mcnamara's account. 

"The beneficiaries were six in total. 

"The authorizing signatory directed us to waive their means of identification.

"The six beneficiaries are: Sam Turaki Bello, who collected N200 million; Yusuf Bulama, who collected N120 million; Chimenum Njoku, who collected N250 million; Josiah Moses, who collected N280 million; Abubakar Sadiq Zara, who collected N200 million and Franklin Tolani, who got N150 million. 

Justice Chukwujekwu Aneke adjourned further hearing until Friday, October 25, 2019.

The EFCC in the charge stated that on June 17, 2014, Fayose and one Abiodun Agbele took possession of a sum to the tune of N1.2 billion for purposes of funding his gubernatorial election campaign in Ekiti, which sum they reasonably ought to have known formed part of crime proceeds.

Former Governor Ayodele Fayose was alleged to have received a cash payment of the sum of five million dollars, (about N1.8 billion) from the then Minister of State for Defence, Sen. Musiliu Obanikoro, without going through any financial institution.

Former Governor Ayodele Fayose was equally alleged to have retained the sum of N300 million in his account and took control of the aggregate sums of about N622 million which sum he reasonably ought to have known formed part of crime proceeds.

Ayodele Fayose was alleged to have procured De Privateer Ltd and Still Earth Ltd, to retain the aggregate sums of N851 million which they reasonably ought to have known formed part of crime proceeds.

Besides, the defendant was 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.

He 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 forms crime proceeds.

The offences contravenes the provisions of section 15(1), 15 (2), 15 (3), 16(2)(b), 16 (d), and 18 (c) of the Money Laundering Prohibition Act 2011.

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