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Reading: EFCC Threatens To Appeal As Court Acquits Fayose Of Money Laundering Charges
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ClimaxNewsHub > Blog > Crimes And Security > EFCC Threatens To Appeal As Court Acquits Fayose Of Money Laundering Charges
Crimes And SecurityPolitics

EFCC Threatens To Appeal As Court Acquits Fayose Of Money Laundering Charges

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The EFCC has announced that it will appeal the judgement which cleared a former Governor of Ekiti State, Ayodele Fayose of money laundering charges brought against him by the financial crimes watchdog.

The agency made this known in a statement released on Wednesday.

It read “Sequel to the judgment of Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos on Wednesday, July 16, 2025, acquitting and discharging a former Governor of Ekiti State, Mr. Ayo Fayose from an alleged money laundering case preferred against him by the Economic and Financial Crimes Commission, EFCC, the Commission wishes to state that it is already studying the ruling and preparing for an appeal.

“The former governor was re-arraigned on Tuesday, July 2, 2019, alongside Spotless Investment Limited on an 11-count charge bordering on money laundering and stealing to the tune of N6.9bn ( Six Billion Nine Hundred Naira).

“The EFCC reaffirms its commitment to the rule of law as it briefs its counsel to appeal the judgment.”

Earlier, a Federal High Court sitting in Abuja has dismissed all charges filed against former Ekiti State Governor, Ayodele Fayose, in a money laundering case instituted by the Economic and Financial Crimes Commission (EFCC).

In its ruling delivered today, the court upheld Fayose’s no-case submission, effectively acquitting him of all charges of fraud and money laundering leveled against him by the EFCC.

The judge held that the EFCC failed to establish a case against the former Governor which is why the court decided to acquit him of all charges.

The court ruled that the evidence provided was insufficient and lacking in merit, leading to the full acquittal of the former Governor.

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