The State Government is also demanding N35 billion as damages from the EFCC over what it termed “defamatory publication”.
Browsing: Economic and Financial Crimes Commission
The Ilorin Zonal Command of the Economic and Financial Crimes Commission secured the conviction of the two.
Justice Mallong sentenced Stephen after he pleaded guilty to the allegation of internet related fraud brought against him by the Economic and Financial Crimes Commission.
The defendant allegedly used an unregistered investment company, Monipoint Morsha Finance Limited, to defraud subscribers who were promised 1 per cent daily returns on every N1,000 invested.
The first defendant, Gora, was arrested by the EFCC in July 2021 following a petition alleging that he used one of his front companies, Gracious Environ Workers and Planners Nigeria Limited, to obtain the sum of N525 million from a traditional ruler, Jacob Esan, of Osun State and owner of Liberitas Plc, with the assurance of helping him convert it to the United Arab Emirate currency, Dirham.
The Ilorin Zonal Command of the Economic and Financial Crimes Commission had prosecuted the convicts.
The spokesman of the anti-graft agency, Wilson Uwujaren, disclosed this in a statement he issued on Friday in Abuja.
Delivering judgment, Agomoh held that she convicted and sentenced Olurinde based on the evidence tendered before her as well as the plea bargain agreement the convict had with the Economic and Financial Crimes Commission.
Fayose and his company were re-arraigned on Thursday before Justice Chukwujekwu Aneke on 11 counts bordering on money laundering and non-declaration of assets.
The Economic and Financial Crimes Commission had charged him alongside former Minister of Finance, Nenadi Usman.
According to available information, the EFCC operatives stormed the hotel in the early hours of Sunday, shooting sporadically.
Rising from its meeting in Abuja on Saturday, the NYM also chided the EFCC over what they called unending regime of media trial
Abbah Sambo, Head, Cybercrime Section of the EFCC, said this at a seminar on Banking and Allied Matters for judges.
In a letter to the Comptroller-General of the Nigeria Immigration Service dated November 15, 2021, the commission requested the service to place the governor on watchlist and inform it anytime he is travelling out of the country from any of the international airports and other points of entry and exit.
He spoke on the reported arrest alongside some photographs showing him arriving for dinner at a hotel in Lagos.
Fani-Kayode was said to be under investigation for alleged forgery and manipulation of documents by the EFCC
“I will continue to do what is right,” he said, adding, “The commission under my watch will continue to abide by the rule of law. If anybody asks me to do anything contrary to my conscience or against the rule of law, I will resign my appointment.”
The convictions were secured on November 18, 2021 before Justice Uche Agomoh of the Federal High Court, Ibadan.
The duo was re-arraigned on separate charges before Justice Muhammed Sani of the Federal High Court, Ilorin.
The Spokesperson for the EFCC, Wilson Uwujaren, made the confirmation in a statement he issued in Abuja on Friday.