Ondo State PDP chairman, Clement Faboyede arraigned for N500m fraud Skip to main content

BREAKING: Baba Ọba of Oyotunji Village Dies Suddenly Amid Controversy with New Alaafin of Oyo(GOV. SEYI MAKINDE)

  Shockwaves are reverberating across Yorùbáland and the global Yorùbá diaspora following the sudden death of the Baba Ọba (King’s Father) of the famed Oyotunji African Village in South Carolina, USA. The late Baba Ọba, Lukman Arohunfale, a revered socialite and traditionalist, passed away under circumstances already sparking fierce controversy. His death comes just days after he publicly accused the newly installed Alaafin of Oyo, His Imperial Majesty Oba Akeem Adéyẹmọ Owoade, of allegedly ordering his courtiers to beat him mercilessly during a recent courtesy visit to the Oyo palace in Nigeria. In a widely circulated voice recording, the deceased recounted how what was meant to be a simple homage turned violent. Although the Baba Ọba had reportedly battled ill health in the past year, growing insinuations suggest that the alleged physical assault may have aggravated his condition, ultimately leading to his untimely death. The palace in Oyo recently denied that s...

Ondo State PDP chairman, Clement Faboyede arraigned for N500m fraud

Ondo State PDP chairman, Clement Faboyede arraigned?for N500m fraudThe Lagos Zonal office of EFCC on Friday, June 29, 2018, arraigned the duo of Clement Faboyede, Chairman, Ondo State Peoples Democratic Party (PDP) and Modupe Adetokunbo, a former Director-General, Goodluck Jonathan/ Namadi Sambo 2015 Presidential Election Campaign in Ondo, before Justice Saliu Saidu of the Federal High Court sitting in Lagos on a three-count charge bordering on money laundering to the tune of N500 million (Five Hundred Million Naira).

One of the counts reads: “ That you, Clement  Faboyede,  Modupe Adetokunbo and others at large, on or about the 27th day of March, 2015 in Nigeria within the jurisdiction of this Honourable Court, conspired amongst yourselves to accept cash payment of the sum of N500,000,000(Five Hundred Million Naira only), which exceeded N5,000,000(Five Million Naira) without going through a financial institution contrary to section 18 and punishable under section 16(2) of the Money Laundering (prohibition) Act, 2011 (as amended by Act No.1 of 2012)”‎.

The defendants pleaded not guilty when the charge was read to them. In view of their pleas, the prosecution counsel, E.E. Iheanacho, asked the court for a trial date and prayed the court to remand the defendants in prison custody. However, counsel to the defendants made an oral application for bail on behalf of the defendants.

After listening to the counsels, Justice Saidu directed the defence counsel to make a formal application for the bail of the defendants. The Judge also ordered the defendants to be remanded in prison custody.

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