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Despite the change in judiciary hands, Fayose has maintained his innocence, pleading not guilty to all charges and continuing on bail initially set in 2018 at N50 million with like sureties.
The charges extend to acquisitions made by Fayose, including properties in Lagos and Abuja funded through these illicit funds, and using N200 million from crime proceeds to purchase a property in the name of his elder sister, Moji Oladeji.
Additionally, Fayose is accused of retaining N300 million in his account and controlling approximately N622 million, both sums flagged as crime proceeds.
Further allegations detail Fayose receiving a $5 million cash payment from then Minister of State for Defence, Senator Musiliu Obanikoro, bypassing financial institutions, an act that contravenes financial regulations..
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