The Digest:
The Economic and Financial Crimes Commission (EFCC) has announced its intention to appeal the ruling that acquitted former Ekiti State Governor, Ayodele Fayose, of all money laundering and fraud allegations. This decision signifies the EFCC's continued pursuit in the high-profile N6.9 billion case.
Key Points:
- The EFCC re-arraigned Fayose and Spotless Investment Limited on charges of money laundering N6.9 billion.
- The court acquitted Fayose, ruling the prosecution failed to establish a prima facie case.
- EFCC counsel argued suspicious transactions and questioned why Fayose didn't buy properties in his name.
- Defense claimed that no co-conspirators were charged and that key evidence was unreliable.
- The EFCC intends to appeal the judgment and prepare grounds for the case.
