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4th October 2022
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Witness reveals how Fayose bought properties for N190m, $175,000

Witness reveals how Fayose bought properties for N190m, $175,000

A prosecution witness, O. Kennedy, reveals how Fayose bought Lagos Properties for N190milion and $175,000, in the on-going trial of the former governor of Ekiti State on Wednesday, March 20, 2019, before Justice Mojisola Olatoregun of the Federal High Court, sitting in Ikoyi, Lagos State.

Fayose, alongside his company, Spotless Investment Limited, was arraigned by the Economic and Financial Crimes Commission, EFCC on October 22, 2018, on an 11-count charge bordering on fraud and money laundering.

During proceedings, the seventh prosecution witness, (PW7), Kennedy a lawyer, told the court that he drafted the documents with which Fayose bought a Charlet at No.100 Tiamiyu Savage, Victoria Island, Lagos forN190million and another property worth $175,000through one Abiodun Agbele and J.J. Technical Limited.

Led in evidence by the prosecution counsel, Rotimi Jacobs, SAN, Kennedy told the court that the parties to the agreement in respect of the transaction were Noga Hotels Nigeria Limited, as the signor and J.J. Technical Limited, as the signee.

He further stated that he was briefed by his client, Agbele, on the transaction before he drafted the documents for the purchase of the property, adding that Agbele told him to increase the price of the property in the document.

Kennedy upon cross-examination by the defence team stated that he did not attend any meeting between the parties involved in the transaction; he, however, disclosed that he was getting privilege information from some staff of J.J. Technical Limited.

When asked by Olalekan Ojo, SAN, counsel to the second defendant, if the statement he made to the EFCC on the transaction was entirely true, the witness said, “to the best of my knowledge, I did not lie. But a lie in error may have occurred.”

Witness reveals how Fayose bought properties for N190m, $175,000
Witness reveals how Fayose bought properties for N190m, $175,000

The witness admitted that he did not include in his statement to the EFCC that he was told to inflate the cost of the property in the transaction document he drafted.

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