Appeal court okays freezing of fayoses account

It appears that the appeal court has upheld the decision to freeze the account of Fayose, a former governor of Ekiti State in Nigeria. Here's a summary of the news:

Headline: Appeal Court Okays Freezing of Fayose's Account

Summary: The Court of Appeal in Abuja has dismissed the appeal filed by Ayodele Fayose, a former governor of Ekiti State, challenging the freezing of his account by the Economic and Financial Crimes Commission (EFCC). The court upheld the decision of the Federal High Court, which had earlier ordered the freezing of Fayose's account over alleged money laundering and corruption.

Background: Fayose was accused of misappropriating public funds during his tenure as governor of Ekiti State. The EFCC had frozen his account in 2016, citing allegations of money laundering and corruption. Fayose had appealed the decision, arguing that the freezing of his account was unlawful and unconstitutional.

Ruling: The Court of Appeal, in a unanimous decision, dismissed Fayose's appeal, upholding the decision of the Federal High Court. The court held that the EFCC had the power to freeze Fayose's account under the Money Laundering (Prohibition) Act, 2011.

Implications: The ruling means that Fayose's account will remain frozen until further notice. The EFCC can now proceed with its investigation and possible prosecution of Fayose over the alleged financial crimes.

Reactions: Fayose's lawyer, Mike Ozekhome, has vowed to appeal the decision to the Supreme Court. The EFCC has welcomed the ruling, saying it is a major victory in its fight against corruption.

This is a developing story, and I'll be happy to provide more updates as more information becomes available.