A former Chairman of the Ondo State chapter of the Peoples Democratic Party, Clement Faboyede, has withdrawn his application seeking the transfer of his money laundering trial from Lagos to Ondo State .

At the Tuesday proceedings before the Federal High Court in Lagos , the defence counsel , Mr Eyitayo Jegede ( SAN ), a former Ondo State Attorney General and Commissioner of Justice , told the judge that his client was withdrawing his application challenging the jurisdiction of the court .

Consequently , Justice Saliu Saidu struck out the application and subsequently adjourned till February 12 , 2019 for commencement of trial .

The Economic and Financial Crimes Commission June last year arraigned Faboyede alongside Modupe Adetokunbo for alleged laundering of N 500m .

The EFCC claimed that in the charges that Faboyede and Adetokunbo received a cash sum of N 500m from one Owolanke Michael in the build - up to the 2015 general elections .

Faboyede was accused of making N 500m cash payment to the Ondo State Election Committee of the PDP without through any financial institution .
The prosecuting counsel for the EFCC , Ekene Iheanacho , said the defendants committed the offence on March 27 , 2015, adding that they acted contrary to Section 18 of the Money Laundering (Prohibition ) Act, 2011 and are liable to punishment under Section 16 (2 ) of the same Act.

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Cc Lalasticlala

The EFCC claimed that in the charges that Faboyede and Adetokunbo received a cash sum of N 500m from one Owolanke Michael in the build - up to the 2015 general elections 

#500 MILLION CASH?!?
[s]Fayose should spend the rest of his life in jail after this judgement[/s].

The EFCC claimed that in the charges that Faboyede and Adetokunbo received a cash sum of N 500m from one Owolanke Michael in the build - up to the 2015 general elections.
the defendants committed the offence on March 27 , 2015, 

ALL the FRAUD amd CORRUPTION that PDP[b][/b] the party of thieves and rogues commited in 2015 is all after them NOW!
Let justice be done ASAP!

Oga Grill, Fayose has nothing to do with this na. Ondo is not Ekiti State.

Fayose has nothing to do with this. Ondo is not Ekiti State. quote author= post=74614014]
#500 MILLION CASH?!?
Fayose should spend the rest of his life in jail after this judgement. [/quote]

sholatech:
Fayose has nothing to do with this. Ondo is not Ekiti State. quote author= post=74614014]
#500 MILLION CASH?!?
Fayose should spend the rest of his life in jail after this judgement.

Noted!