How I got N1.2b cash from Fayose, others, by bank chief

The Economic and Financial Crimes Commission is trying Fayose for allegedly receiving and keeping N1.2 billion and $5 million said to have been stolen from the ONSA.

“On June 17, 2014, I was in my office in Zenith Bank, Akure. I received a call from my Head of Operations, Abiodun Oshodi, that a customer would be coming to make a deposit into his account with the bank. “He said we should prepare to go to the airport. I asked for time to arrange for security, but they said that won’t be necessary as they had sufficient security. They came with MOPOL and some soldiers in a Hilux van,” Alade said.

“Two of them walked away. The remaining person introduced himself as O. Adewale. The cash was offloaded into the bullion van and we drove to Zenith Bank in Akure.”Alade also said when he and the others got to the bank, the money was counted in his presence.“The money was counted in our presence. It was N724 million. We were informed that there was a balance. We went back to the airport and picked N494 million.

Responding to a question by Ojo if he submitted a bulk cash register to the EFCC on the transaction, the witness said: “No.”He was asked to identify entries for October 6, 2014, September 5, 2014 and December 6, 2014. EFCC Acting Chairman Ibrahim Magu reportedly wrote to the Chief Judge, asking that the case be withdrawn from Justice Olatoregun and re-assigned to another judge.But no reference was made to the purported letter to the CJ by the EFCC acting chairman.EFCC said the former governor and Agbele, who is facing a different charge, allegedly took possession of N1,219,000,000 on June 17, 2014 to fund Fayose’s 2014 governorship campaign.

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fayose: How I took delivery of N1.2b cash, by bank chiefThe Federal High Court in Lagos Monday heard how the N1.2billion allegedly given to former Ekiti State Governor Ayo Fayose from the Office
Source: TheNationNews - 🏆 6. / 69 Read more »

Alleged N1.2bn fraud: EFCC presents 11th witness against Fayose
Source: MobilePunch - 🏆 8. / 63 Read more »

Alleged N1.2bn laundering: EFCC presents 11th witness against Fayose - Vanguard NewsThe Economic and Financial Crimes Commission (EFCC) on Monday presented its 11th witness in a case of alleged money laundering it preferred against former Gov. Ayodele Fayose of Ekiti.
Source: vanguardngrnews - 🏆 5. / 75 Read more »

Alleged N2.2bn Fraud: How Fayose, company received N1.2bn - WitnessMr Fayose was arraigned alongside his company, Spotless Investment Limited. Fayose again?. Is been long I hear from Fayose. Hope all is all sha Now I undestand why Realomosexy and co are crying of 'The lack of money in circulation'. Such 👆 was how they circulated the money. Thank you President MBuhari for forcing people to live within their legit earnings. No more awoof😜
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Senate okays N1.64tr borrowing plan - The Nation NigeriaThe Senate on Tuesday adopted the N1.64 trillion proposed by the Executive for new borrowing to fund this year’s budget deficit. A beg, borrow for what now? For who?
Source: TheNationNews - 🏆 6. / 69 Read more »

FG earmarks N1.3bn for death benefit of 497 workers – Daily TrustThe Federal Government has approved N1.3 billion death benefits to be paid to 497 next-of-kin of deceased federal workers before the end of this month. The Permanent Secretary, Service Welfare Office (SWO), Office of the Head of the Civil Service of the Federation (OHCSF), Mrs Didi Walson-Jack, said this Wednesday in Abuja at the 2nd …
Source: Daily Trust - 🏆 13. / 51 Read more »

Budget: FG’s N1.64trn proposed loan divides lawmakers – Daily TrustMembers of the House of Representatives yesterday expressed divergent views over the federal government’s proposal to borrow additional N1.64 trillion to finance the 2019 budget deficit. This was just as the lawmakers unanimously adopted the creation of an N500 billion Special Intervention Fund (SIF), warning Ministries, Departments and Agencies (MDAs), to ensure that it is …
Source: Daily Trust - 🏆 13. / 51 Read more »

How ex-NDDC director, accused of fraud, moved over N1 billion public funds - WitnessThe witness, a staff of Heritage Bank, testified in court against the ex-NDDC official.
Source: PremiumTimesng - 🏆 3. / 78 Read more »

Senate approves N1.64trn to fund 2019 budget deficit – Daily TrustThe Senate yesterday approved the sum of N1.64 trillion as the amount for new borrowing to fund the 2019 budget deficit. Senators said additional financing of N172.47bn would be derived from privatization proceeds and N556.02bn from loans secured for specific development projects.ADVERTISEMENT The Senate also approved a daily oil production of 2.3 million barrels per …
Source: Daily Trust - 🏆 13. / 51 Read more »

Healthcare: Delta Assembly approves N1.64bn payment order to Fidelity Bank - Vanguard NewsASABA—DELTA State House of Assembly, yesterday, approved a request by the state government to issue an irrevocable standing payment order to Fidelity Bank in respect of the remodeling of the Central Hospital, Asaba.
Source: vanguardngrnews - 🏆 5. / 75 Read more »