ALLEGED N6.9BN FRAUD: EFCC TO APPEAL FAYOSE’S ACQUITTAL
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BY JENN NOMAMIUKOR
The Economic and Financial Crimes Commission (EFCC) has declared intentions to contest the exoneration of former Ekiti State Governor, Ayo Fayose, subsequent to a judicial ruling that absolved him of all allegations associated with an purported N6.9 billion money laundering matter.
The determination follows Justice Chukwujekwu Aneke of the Federal High Court in Ikoyi, Lagos, on Wednesday, July 16, 2025, issuing a judgment in favor of Fayose, releasing and exonerating him from the allegations presented by the anti-corruption agency.
Fayose was initially re-arraigned by the EFCC on July 2, 2019, on charges bordering on money laundering and stealing, involving funds totaling N6.9 billion.
In a statement issued shortly after the judgment via its official Facebook Page, the EFCC said it was already studying the court’s decision and has begun preparations to file an appeal.
“The Commission wishes to state that it is already studying the ruling and preparing for an appeal,” the EFCC said in its statement.
Reasserting its dedication to due process, the organization underscored that it remains devoted to the rule of law and would undertake all requisite legal measures to contest the acquittal.
“The EFCC reaffirms its commitment to the rule of law as it briefs its counsel to appeal the judgment,” the statement added.
Fayose, who served as Ekiti State governor from 2003 to 2007 and again from 2014 to 2018, had consistently denied any wrongdoing in the case. The Wednesday judgment marks a significant turn in a legal battle that has spanned over six years.
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