EFCC prosecution over alleged N6.9bn diversion of ONSA funds (with Spotless Investment Ltd)
AcquittedCurrent position. Fayose 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 date
- 2025-07-16
History
- 2018-10-22 Arraigned with Spotless Investment Ltd before Justice Mojisola Olatoregun on an 11-count charge of fraud and money laundering; pleaded not guilty.
- 2019-07-02 Re-arraigned on the 11-count charge after the case was reassigned to Justice Chukwujekwu Aneke; pleaded not guilty.
- 2025-05-16 Defence filed a no-case submission.
- 2025-07-16 Court upheld the no-case submission and discharged and acquitted Fayose and Spotless Investment Ltd on all counts.
- 2025-07-16 EFCC stated it was studying the ruling and had briefed counsel to appeal.