EFCC To Appeal Court Verdict Clearing Fayose Of Money Laundering Charges

The Economic and Financial Crimes Commission (EFCC) says it plans to appeal the court ruling that cleared former Ekiti State Governor, Ayodele Fayose, of money laundering and fraud charges.

Justice Chukwujekwu Aneke, who delivered the ruling on Wednesday, upheld Fayose’s no-case submission, stating that the EFCC failed to present enough evidence to justify continuing the trial.

Reacting to the judgment, EFCC lawyer Rotimi Jacobs said the legal team will obtain a certified copy of the judgment and begin the process of filing an appeal.

In a statement shared on its official X (formerly Twitter) handle, the EFCC confirmed it is reviewing the decision and has started preparing its legal team for the next steps.

The statement reads, “Sequel to the judgement of Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos on Wednesday, July 16, 2025, acquitting and discharging a former Governor of Ekiti State, Mr. Ayo Fayose from an alleged money laundering case preferred against him by the Economic and Financial Crimes Commission, EFCC, the Commission wishes to state that it is already studying the ruling and preparing for an appeal.

“The former governor was re-arraigned on Tuesday, July 2, 2019, alongside Spotless Investment Limited on an 11-count charge bordering on money laundering and stealing to the tune of N6.9bn ( Six Billion Nine Hundred Naira).

“The EFCC reaffirms its commitment to the rule of law as it briefs its counsel to appeal the judgement.”

KanyiDaily recalls that Ayodele Fayose was re-arraigned on 2 July 2019, alongside his company, Spotless Investment Limited, on an 11-count charge bordering on money laundering and theft.