Friday, July 8, 2016

EFCC May Seize Fayose’s N1.35bn Properties


The Economic and Financial Crimes Commission has commenced moves to seize some properties linked to Governor Ayodele Fayose of Ekiti State, The Punch has learnt.

According to the EFCC, houses to be seized are four duplexes on Victoria Island in Lagos State and one located at 44 Osun Crescent, Maitama, Abuja.


A reliable source told the media house on Thursday that the houses were allegedly purchased with illegitimate funds, stating that the EFCC could invoke the Assets Forfeiture clause to seize the properties in line with sections 28 and 34 of the EFCC (Establishment Act) 2004 and Section 13 (1) of the Federal High Court Act, 2004.

The EFCC is currently investigating Fayose for allegedly receiving N1.219bn from the Office of the National Security Adviser through a former Minister of State for Defence, Senator Musiliu Obanikoro, who is currently in school in the United States of America

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