Alleged N500m fraud: Court remands ex-Ondo PDP chair, Faboyede, in prison custody
- A former chairman of the Ondo state PDP Clement Faboyede has been arraigned by the EFCC
- Faboyede was arraigned before the Federal High Court in Lagos
- He was accused of making N500m cash payment to the Ondo state election committee of the PDP
A former chairman of the Ondo state Peoples Democratic Party (PDP), Clement Faboyede, has been arraigned by the Economic and Financial Crimes (EFCC) over an alleged fraud of N500 million.
The Punch reports that Faboyede was on Friday, June 29, arraigned before the Federal High Court in Lagos state. The three charges pressed against the former PDP chair border on conspiracy and money laundering.
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Legit.ng gathered that the EFCC claimed in the charges that Faboyede received a cash sum of N500 million in the build-up to the 2015 general election. He was accused of making N500 million cash payment to the Ondo state election committee of the PDP.
The prosecuting counsel for the EFCC, Ekene Iheanacho, said the defendants committed the offence on March 27, 2015, adding that they acted contrary to Section 18 of the Money Laundering (Prohibition) Act, 2011 and are liable to punishment under Section 16(2) of the same Act.
But upon his arraignment on Friday before Justice Saliu Saidu, Faboyede not guilty to the charges.
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The judge, while adjourning the case till September 17, ordered that the defendant should be remanded in the prison custody.
Meanwhile, Legit.ng had reported that the acting chairman of the EFCC Ibrahim Magu denied claim by the PDP that the anti-graft agency was being used by the All Progressives Congress (APC) to terrorise opposition parties.
Magu made this statement on Monday, June 4, after declaring open a one-day high level consultative meeting on corruption organised by the New Partnership for Africa’s Development (NEPAD Nigeria) in conjunction with African Peer Review Mechanism (APRM) in Abuja.
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Source: Legit.ng
