EFCC prosecution over alleged N6.9bn diversion of ONSA funds (with Spotless Investment Ltd)
AcquittedFayose stands acquitted by the Federal High Court; the EFCC announced an intention to appeal in July 2025, and no Court of Appeal decision was found in the sources read.1 2 3 4
- Authority
- Federal High Court, Lagos (Justice Chukwujekwu Aneke); prosecuted by the Economic and Financial Crimes Commission
- Status as of
- 16 Jul 2025
History
- 22 Oct 2018Arraigned with Spotless Investment Ltd before Justice Mojisola Olatoregun on an 11-count charge of fraud and money laundering; pleaded not guilty.
- 2 Jul 2019Re-arraigned on the 11-count charge after the case was reassigned to Justice Chukwujekwu Aneke; pleaded not guilty.
- 16 May 2025Defence filed a no-case submission.
- 16 Jul 2025Court upheld the no-case submission and discharged and acquitted Fayose and Spotless Investment Ltd on all counts.
- 16 Jul 2025EFCC stated it was studying the ruling and had briefed counsel to appeal.