Alleged N500m fraud: Ex-Ondo PDP, chair, Faboyede, Modupe settle for trial in Lagos
A former Chairman of the Ondo State chapter of the Peoples Democratic Party, Clement Faboyede, has withdrawn his application seeking the transfer of his money laundering trial from Lagos to Ondo State.
At the Tuesday proceedings before the Federal High Court in Lagos, the defence counsel, Mr Eyitayo Jegede (SAN), a former Ondo State Attorney General and Commissioner of Justice, told the judge that his client was withdrawing his application challenging the jurisdiction of the court.
Consequently, Justice Saliu Saidu struck out the application and subsequently adjourned till February 12, 2019 for commencement of trial.
The Economic and Financial Crimes Commission June last year arraigned Faboyede alongside Modupe Adetokunbo, owner of TPT, a leading Lagos based public relations firm, for alleged laundering of N500m.
The EFCC claimed that in the charges that Faboyede and Adetokunbo received a cash sum of N500m from one Owolanke Michael in the build-up to the 2015 general elections.
Faboyede was accused of making N500m cash payment to the Ondo State Election Committee of the PDP without through any financial institution.
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 the defendants pleaded not guilty and were subsequently admitted to bail.
They later, through their lawyer, Jegede, challenged the jurisdiction of the Federal High Court in Lagos to entertain the charges against them.
They contended that it would not be convenient for them to stand trial in Lagos as all the witnesses they wish to call to testify in their defence were scattered across the 18 local government areas of Ondo state and it would be difficult to bring them to Lagos to testify.
They said coming to Lagos would be extremely inconvenient for the witnesses, some of whom were civil servants resident in Ondo State. Punch