[PHOTOS] EFCC Seizes Fayose’s Houses Worth N1.3 Billion in Lagos, Abuja


The Economic and Financial Crimes Commission
(EFCC) has seized choice properties allegedly
acquired by Governor Ayodele Fayose of Ekiti
State with stolen public funds.
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The duplexes, estimated at N1.350billion include
four in Lagos and two in Abuja.
They were allegedly acquired for him by his
associate, Abiodun Agbele and sister. Mrs. Moji
A furious Mrs. Ladeji has approached the Federal
High Court, Ado-Ekiti laying claim to one of the
Abuja duplexes.
EFCC, according to impeccable sources, believe
that the properties were bought with public funds
including the N1.219billion slush fund from the
Office of the National Security Adviser (ONSA)
handed over to Fayose by former Minister of
Defence, Mr. Musiliu Obanikoro, and bribe money
from contractors.

Part of the funds came from the N4.745billion
which was paid into Obanikoro’s company, Sylva
Mcnamara by ONSA for the 2014 Ekiti
governorship poll.
Operatives of the anti-graft commission have
located and marked the duplexes as follows: 44,
Osun Crescent and 32, Yedseram Street in
Maitama, Abuja; and houses 3, 4, 6, and 9 in Plot
100, Tiamiyu Savage Street, Victoria Island,
EFCC sources said the funds were wired to pay for
the duplexes.
While the duplex on Osun Crescent was allegedly
bought for N200million from Skye Bank Plc, the
one located in Yedseram Street in Abuja was
purchased for N270million from a businessman,
Rabi Kundili.
All the houses in Lagos were paid for by Abiodun
Agbele, the detained associate of the governor
who is currently under investigation.
Agbele allegedly paid over N880 million for the
Lagos properties.

Sources said the duplexes were “acquired within
180 days in office by Fayose.”
“We have discovered that he paid for the houses
through his associate’s company, De-Privateer
Limited of Agbele.
“De-Privateer remitted slush funds into three
accounts including FCMB (0519693019), First
Bank of Nigeria (1000070240) and Zenith Bank
“The payments were made as follows: First Bank—
N40m (29/1/15); N39.5m (30/1/15); N132.5
(30/1/ 15); N3.2m (4/2/15); N980, 000(4/2/15);
N200m (17/2/15); N47m (13/2/15); N50m
“The lodgements in an account in Zenith Bank
(1014016919) included N42.5m (9/4/15); N25m
(23/4/15); and N229m (6/3/15).
“About N200million was paid into FCMB account
0519693019 on March 9, 2015.”
He said the anti-graft agency seized the properties
by invoking sections 28 and 34 of the EFCC
(Establishment Act) 2004 and Section 13(1) of the
Federal High Court Act, 2004 which empower the
anti-graft agency to invoke Interim Assets
Forfeiture Clause.
“Section 28 of the EFCC Act reads: ‘Where a
person is arrested for an offence under this Act,
the Commission shall immediately trace and
attach all the assets and properties of the person
acquired as a result of such economic or financial
crime and shall thereafter cause to be obtained an
interimattachment order from the Court.’
Section 13 of the Federal High Court Act reads in
part: “The Court may grant an injunction or
appoint a receiver by an interlocutory order in all
cases in which it appears to the Court to be just
or convenient so to do.
(2) “Any such order may be made either
unconditionally or on such terms and conditions
as the Court thinks just.”
The source added: “One of the suspects in
custody, Agbele, has been linked to the purchase
of most of all these properties. In fact, funds for
the purchase of these mansions were laundered
through the account of Agbele’s company called
“Since the houses are under investigation, we
have decided to invoke the assets forfeiture clause


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