N6.9bn Fraud: Fayose files No Case Submission Against EFCC

Former Ekiti State Governor, Ayodele Fayose, has filed a no-case submission in response to the N6.9bn fraud charges brought against him by the Economic and Financial Crimes Commission.

Fayose who was represented by a former Attorney General of the Federation, Chief Kanu Agabi (SAN) filed the submission at the Federal High Court in Lagos.

Olalekan Ojo (SAN) represented Spotless Investment Limited joined as the second defendant in the case with the court reserving a ruling.

Legal representative of the EFCC, Rotimi Jacobs (SAN), pressed 11 counts, bordering on stealing and money laundering, against Fayose and the firm.

Armed with a no-case submission dated July 16, 2025, Fayose’s lawyer, argued that the EFCC had failed to establish a prima facie case against the ex-governor, and that a central figure in the alleged transactions, Abiodun Agbele, was not charged alongside Fayose.

“The predicate offences on which these charges are based do not hold water.

“Criminal breach of trust and conspiracy are distinct charges, and no co-conspirator was docked with the defendant”, Agabi argued.

According to the second defence counsel,  Ojo, the credibility of the prosecution’s 13th witness, former Minister of State for Defence, Senator Musiliu Obanikoro, had been seriously eroded.

Ojo noted that Obanikoro had admitted under cross-examination that there was no direct communication between Fayose and the former National Security Adviser, Col. Sambo Dasuki, undermining the prosecution’s narrative.

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Citing a counter-affidavit and written address dated May 8, 2025 however, the EFCC prosecutor, Rotimi Jacobs (SAN), urged the court to dismiss the no-case submissions.

Citing the testimony of EFCC investigator Abubakar Madaki, that Ayodele Fayose used associates to purchase properties both in Nigeria and abroad , Jacobs questioned why Fayose did not use his personal bank account for the transactions if they were legitimate.

Also,  the account of Obanikoro that Fayose personally requested the funds in cash and introduced Agbele to handle the delivery needed to be clarified.

Justice Aneke later adjourned the matter to July 10, 2025, for ruling.