On October 27, 2023, Abubakar Aliyu Madaki, a prosecution witness in Ayo Fayose’s ongoing trial as the former governor of Ekiti State, disclosed that Fayose had received N1,219,000,000 from Musiliu Obanikoro, the former minister of state for defense.
The witness expounded that the funds originated from the imprest accounts that were based in the office of Col. Sambo Dasuki, the retired National Security Adviser.
Spotless Investment Limited, Fayose’s business, is accused of stealing and money laundering N6.9 billion. On July 2, 2019, they were re-arrested.
Throughout the trial, Madaki—led in evidence by Rotimi Jacobs, SAN, the prosecution’s attorney—detailed the investigations into the N1.2 billion that Obanikoro asserted was transported to Fayose by air. “The money was released from the imprest accounts in the Office of the Secretary to the Government of the Federation (SGF), under the control of Col. Sambo Dasuki, the retired National Security Adviser, who was previously the NSA,” he told them.
The political party of Fayose, the Peoples Democratic Party (PDP), likewise denied receiving any funding from the Office of the SGF or the NSA, according to Madaki. “It is evident that the funds transferred from Diamond Bank to Zenith Bank originated from the office-managed imprest account,” the witness said.
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The witness also told the court that Fayose used the N1.2 billion to buy a home in Abuja from Rabiu Kundili for N270 million, and that he put N100 million of that money into a fixed account. He also disclosed that on August 24, 2016, N168 million and N150 million in cash were deposited into Spotless Investment Limited’s bank account. It was impossible for Fayose and his partner, Biodun Agbele, to explain where these cash came from.
In order to allow for more processes, the trial was postponed until November 24, 2023. On October 22, 2018, Fayose and Spotless Investment Limited appeared before Justice Mojisola Olatoregun for the first time.
