Posted on: 03:43 Fri, 08 Jul 2016



Latest revelations have shown that
Ekiti State Governor Ayodele
Fayose’s associate Abiodun Agbele
wired the sum of N1.35billion into
three different accounts to pay for
four of the five duplexes the
governor allegedly bought in Lagos.

The fifth duplex, which cost about
N200million, is located in the
federal capital, Abuja.

According to detectives, the
laundering of the cash was
staggered to cover up the details
from the prying eyes of the
Economic and Financial Crimes
Commission (EFCC).

But the EFCC still uncovered the
lodgments in the following
accounts:
FCMB belonging to Siqnachor
(0519693019),
First Bank of Nigeria (1000070240)
and
Zenith Bank (1014016919) of Still
Earth Limited.

The owner of Still Earth Limited,
Oyindamola Adeyemi, has claimed
that her company neither secured a
contract from Fayose, nor offered
him kickback.

The facts on how Fayose, through
his detained associate Agbele, paid
for the duplexes are now contained
in EFCC’s official documents.

A top source said: “The payments
were effected through De-Privateer
Limited, which is owned by Agbele.

The governor and his associate
knew that they were involved in
money laundering and they
cleverly opted to stagger the funds.

“We have retrieved the list of
lodgments made by De-Privateer
into three accounts, including
FCMB belonging to Siqnachor
(0519693019), First Bank of Nigeria
(1000070240) and Zenith Bank
(1014016919) of Still Earth Limited.

The breakdown of some of the
remittances is as follows:

First Bank—N40m (29/1/15);
N39.5m (30/1/15); N132.5 (30/1/
15); N3.2m (4/2/15); N980,
000(4/2/15); N200m (17/2/15);
N47m (13/2/15); N50m (13/2/15).

The lodgments in an account in
Zenith Bank (1014016919) include
N42.5m (9/4/15); N25m (23/4/15);
and N229m (6/3/15).

Agbele, also through De-Privateer,
paid N200million into the account
of Siqnachor Integrated Limited in
FCMB (0519693019) on March 9,
2015.

The EFCC source added: “You can
see what Fayose did with state
funds within the first six months in
office. This is just a segment of our
ongoing investigation of the
governor.

“We are yet to shift focus to other
areas where state funds were
diverted into personal use or
associates’ accounts.”

Responding to a question, the
source said: “We are going ahead
with Friday’s interaction with three
more people on the five properties
bought by the governor.”