By using this site, you agree to the Privacy Policy and Terms & Conditions.
Accept
Okay.ngOkay.ngOkay.ng
Font ResizerAa
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Reading: EFCC Legally Right to Freeze Fayose’s Account – Femi Falana
Share
Font ResizerAa
Okay.ngOkay.ng
  • News
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Search
  • News
    • Politics
  • Entertainment
  • Business & Economy
  • Sport
  • Tech
Follow US
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
© OKN MEDIA PUBLISHING 2022 - All rights reserved
News

EFCC Legally Right to Freeze Fayose’s Account – Femi Falana

Farouk Mohammed
By Farouk Mohammed
Published: June 23, 2016
Share
2 Min Read
SHARE

Femi-Falana-Fayose

Lagos lawyer, Femi Falana(SAN), has said the Economic and Financial Crimes Commission (EFCC) is legally right to freeze the account of Ekiti State Governor, Ayodele Fayose.

Falana made the declaration in a statement titled: “Fayose’s Shallow Defence” issued in Lagos ‎on Thursday while reacting to the governor’s claim that the agency acted illegally because he enjoyed immunity as a governor.

‎Falana contended that‎ the governor, by various statements credited to him since the incident occurred has given further credibility to the action of the EFCC.

- Advertisement -

“Assuming without conceding that the bulk of the fund spent on his campaign was donated by Zenith Bank Plc, he has unwittingly justified the investigation and freezing of his account by the EFCC.

“He has also confirmed that the humongous sum of money was transported from Abuja to Akure in contravention of Money Laundering Act.

“By his utterances Mr. Fayose is simply saying that the management of Zenith bank stole depositors’ money and laundered it to fund his political campaign contrary to section 90 of the Electoral Act, 2010 as amended.

“On the basis of his own confessional statement, Governor Fayose and the management of the bank are liable to be prosecuted for electoral fraud, money laundering and criminal diversion of depositors’ fund to the tune of N1.2 billion,” he maintained.

- Advertisement -

Stay Updated on the Go with Our Latest News—Join Our WhatsApp Channel Now!
TAGGED:EFCCFayoseFemi Falana
Share This Article
Facebook Whatsapp Whatsapp Telegram Email Copy Link Print
ByFarouk Mohammed
Publisher
Follow:
Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
Previous Article President Buhari Gets New Chief Security Officer
Next Article Nigeria Railway Corporation Declares Free Train Service For Commuters

Connect with Okay on Social

FacebookLike
XFollow
InstagramFollow
TelegramFollow

Dollar/Naira Rates

Dollar to Naira Exchange Rate

Okay.ng Logo
Buy Rate ₦1,605.00
Sell Rate ₦1,620.00

Last updated: 6 days ago (June 3, 2025 2:33 pm)

Displayed rates are for informational purposes only and are subject to change.

USD/NGN Converter

- Advertisement -
- Advertisement -
Ad imageAd image
- Advertisement -
Ad imageAd image

Recent Posts

Portugal Edge Spain on Penalties to Clinch Second UEFA Nations League Title
Sport
Tinubu Mourns Seasoned Administrator, Fidelis Kaigama
News
Minister Hanatu Musawa Highlights President Tinubu’s Vision for Nigeria’s Cultural Renaissance at Ojude Oba Festival
News
Tinubu Declares Reconciliation with Sanwo-Olu, Forgives Past Differences
News Top stories
JUST IN: Osimhen Turns Down €75m Al Hilal Move, Keeps European Options Open
Sport Top stories
- Advertisement -
Ad imageAd image

You May Also Like

Lucky Orimisan Aiyedatiwa
News

Ondo PDP Accuses Governor Aiyedatiwa of Abandoning Late Akeredolu’s Projects Amid Political Tensions

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 8, 2025
News

Governor Dapo Abiodun Honors Ijebu Heritage at Ojude Oba Festival

Oluwadara Akingbohungbe
Oluwadara Akingbohungbe
June 8, 2025
News

FG Declares Thursday Public Holiday for 2025 Democracy Day

Muhammad A. Aliyu
Muhammad A. Aliyu
June 8, 2025
Okay.ngOkay.ng
Follow US
© OKN MEDIA PUBLISHING 2025 - All rights reserved
  • About Okay.ng
  • Advertising on Okay.ng
  • Contact Okay.ng
  • Careers
  • Meet the Team behind Okay.ng
  • Ownership and Funding of Okay.ng
  • Editorial Principles at Okay.ng
adbanner
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?