The Economic and Financial Crimes Commission (EFCC), has announced its intention to appeal the acquittal of former Ekiti State Governor, Ayo Fayose, over an alleged N6.9 billion money laundering and theft charges.
The former governor was discharged and acquitted on Wednesday in a landmark ruling by Justice Chukwujekwu Aneke of the Federal High Court, Ikoyi, Lagos, who also cleared Fayose’s company, Spotless Investment Limited, of the 11-count charge brought against them by the anti-graft agency which was originally filed in 2019.
But while reacting to the ruling,
the EFCC, in a statement issued by its Head of Media and Publicity, Dele Oyewale, said it will appeal the judgement as it was dissatisfied with the outcome.
Oyewale stated that the agency had immediately begun the process of challenging the judgement at the Court of Appeal.
‘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,” Oyewale said.
“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.”
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