How Fayose bought Lagos properties for N190m, $175,000

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How Fayose bought Lagos properties for N190m, $175,000 - Prosecution witness tells court

A prosecution witness, O. Kennedy, in the on-going trial of a former governor of Ekiti State, Ayodele Fayose, on Wednesday, March 20, 2019, told Justice Mojisola Olatoregun of the Federal High Court, sitting in Ikoyi, Lagos State how the former governor bought properties in Lagos at the costs of N190m and $175,000, respectively.

 

Fayose, alongside his company, Spotless Investment Limited, was arraigned by EFCC on October 22, 2018, on an 11-count charge bordering on fraud and money laundering.

 

During proceedings, the seventh prosecution witness, (PW7), Kennedy, a lawyer, told the court that he drafted the documents with which Fayose bought a Charlet at No.100 Tiamiyu Savage, Victoria Island, Lagos for N190million and a property worth $175,000 through one Abiodun Agbele and J.J. Technical Limited.

 

Led in evidence by the prosecution counsel, Rotimi Jacobs, SAN, Kennedy told the court that the parties to the agreement in respect of the transaction were Noga Hotels Nigeria…



Source: Linda Ikeji