Appeal court dismisses efccs application against fayose

A recent development in the case of Olusegun Fayose, the former Governor of Ekiti State, Nigeria.

Here's a summary of the news:

Appeal Court Dismisses EFCC's Application Against Fayose

The Court of Appeal in Abuja has dismissed the application filed by the Economic and Financial Crimes Commission (EFCC) against Olusegun Fayose, the former Governor of Ekiti State. The EFCC had sought to freeze Fayose's bank accounts and assets, alleging that he had embezzled public funds during his tenure as governor.

In its ruling, the Appeal Court held that the EFCC's application was "unmeritorious" and lacked "substantial evidence" to support its claims. The court also ordered the EFCC to pay Fayose N50 million as costs for the appeal.

Fayose had been accused of misappropriating N2.2 billion from the state's treasury during his tenure as governor from 2014 to 2018. He was arrested and charged with 11 counts of fraud and money laundering by the EFCC in 2016.

The case has been ongoing for several years, with Fayose denying all allegations of wrongdoing. The Appeal Court's decision is a significant setback for the EFCC, which had sought to recover Fayose's assets and freeze his bank accounts.

It's worth noting that Fayose's lawyer, Mike Ozekhome, has described the Appeal Court's decision as a "victory for justice" and a "blow to the EFCC's attempt to harass and intimidate Fayose."

The case is likely to continue, with the EFCC expected to appeal the decision to the Supreme Court.