Fayose’s Trial: EFCC witness contradicts self, Says “Transactions duly reported, not questioned”

The second witness called by the Economic and Financial Crimes

Commission (EFCC) in the trial of former Governor of Ekiti State, Ayodele Fayose, today,  Dr.  Abiodun Oshode, ended up contradicting himself by telling the court that he has never met a certain Taofeeq, whom he had earlier said did not fill deposit slip because he could not write.

He also said that the bank reported the N1.219bn cash lodgment to the authorities as stipulated by the financial regulations and that “the transaction was not stopped because it was deemed appropriate.”

Oshode,  who is the Zenith Bank Zonal Head for South West in charge of

Ondo, Ekiti and Kwara States had said under oath while giving evidence

before Justice Mojisola Olatoregun on November 19, 2018 that Taofeek, who was alleged to be involved in the movement of  about N200 million cash from Afao Ekiti to the Zenith Bank branch in Ado Ekiti, did not personally fill the deposit slips for lodgment  of the cash because he does not know how to write.

While being led in evidence by the EFCC counsel,  Rotimi Jacob (SAN), Oshode had told the court that sometime in 2015, Mr. Abiodun Agbele contacted him regarding some cash lodgments that were to be paid into the account of Still Earth Limited domiciled with the Lagos branch of the bank.

He said the cash was in Afao, Ekiti State and the bank sent a bullion van to move the cash to the bank’s branch in Ado-Ekiti.

Oshode said from the Statement of account of Earth Still Limited tendered by the prosecition, there were twenty-one lodgments in cash paid into the account by one Mr. Taofeeq  on the April 16, 2015.

He testified that the sum of N9.9 million was paid by Taofeeq ten times; the sum of N9.5 million was paid ten times and a lone sum of N5.5 million was also paid bringing it to a total sum of N199, 500,000.

However,  while being cross-examined by the defense counsel,  Olalekan Ojo (SAN), Oshode said he has never met Taofeek and that he did not personally witness the transaction in Ado Ekiti.

Ojo had asked; “Have you ever informed the operatives of EFCC that you know why Taofeeq did not fill the tellers?”

Oshode answered;  “I don’t think so.”

Ojo then asked; “You told Justice Olatoregun that this Taofeeq that

you have never met before did not fill the tellers because he does not know how to write,” to which Oshode said;  “Yes.”

The witness’ contradictory evidence became a subject of heated legal

argument between the EFCC counsel,  Rotimi Jacob (SAN) and Fayose’s

counsel as Jacob’s attempt to use the advantage of re-examination to

get Oshode to explain why he gave evidence different from what he said

before Justice Olatoregun was objected to by Ojo.

After exchange of legal fireworks between Jacob and Ojo as to the propriety or otherwise of seeking explanation from Oshode on his contradictory evidence, Justice Chukwujekwu Aneke, adjourned till

tomorrow for ruling on the objection and continuation of trial.

Earlier, Oshode had told the court how he was informed of the movement of N1, 219,000,000 cash from Akure Airport to the Akure branch of Zenith Bank by Dr.  Lawrence Akande,  the Zenith Bank Zonal Head for South West 2.

Oshode said the bank rendered the service at the request of Abiodun Agbele – an aide to Fayose.

He told the court that a former Minister of State for Defence, Musiliu Obanikoro, was present during the operation at the airport “but we did not interact.”

Oshode said on taking the N1.219bn cash to the bank, Agbele supplied three bank accounts into which the money was to be lodged.

He listed the three accounts as those of Privateer Nigeria Limited; Spotless Investment Limited and “a personal account of His Excellency

(Fayose).”

When asked under cross-examination by Fayose’s lawyer, Mr Ola Olanipekun (SAN), whether “seeing such volume of money being paid into your bank,” the bank reported the N1.219bn cash lodgment to the authorities as “illicit or suspicious,” Oshode said, “It was

reported.”

He explained that it was the standard practice that banks must report

cash transactions above N1m for an individual and N5m for a corporate

body.

When Olanipekun asked him that “pursuant to the report, did you get

any instructions to stop the transaction?” Oshode said, “No.”

When the defence counsel asked whether Oshode would agree with him that “the transaction was not stopped because it was deemed appropriate,” the banker said he agreed.

“You also agree that the defendant invited your bank because they too believed the transaction was appropriate?” Olanipekun asked and responding, Oshode said, “Yes.”

Oshode had earlier read to the court some tellers with which cash lodgements were made,  bearing “Ayo”.

But when the second defence counsel, Mr Olalekan Ojo (SAN), told Oshode that “At no time did you see the 1st defendant (Fayose) filling any teller at any branch of your bank, either in Ekiti or Akure,” the

banker said, “Excellency will not do that.”

He also told the court that the  lodgments said to have been made on August 4, 2014 by one “Ayo” could not have been from the N1.2 billion allegedly evacuated from Akure Airport because the bank must have concluded bundle-counting, detail-counting and processing of the cash

long before then.

The witness further confirmed that  the lodgments in the account of Earth Still Limited referred to in exhibit C51, which took place on April 16, 2014 could not have been part of the N1.2 billion.

13 thoughts on “Fayose’s Trial: EFCC witness contradicts self, Says “Transactions duly reported, not questioned”

  • April 11, 2021 at 5:19 am
    Permalink

    No matter if some one searches for his necessary thing,
    thus he/she wishes to be available that in detail, thus that thing is maintained over here.
    0mniartist asmr

  • April 16, 2021 at 4:30 am
    Permalink

    I constantly emailed this blog post page to all my contacts, because if like
    to read it afterward my links will too. asmr 0mniartist

  • April 28, 2021 at 3:55 am
    Permalink

    Thanks on your marvelous posting! I genuinely enjoyed reading
    it, you can be a great author.I will be sure to bookmark your blog and definitely will come back later in life.
    I want to encourage yourself to continue your great posts, have a nice evening!

  • April 28, 2021 at 10:53 pm
    Permalink

    all the time i used to read smaller articles which also clear their motive, and that is
    also happening with this piece of writing which I am reading here.

  • April 29, 2021 at 11:00 am
    Permalink

    Amazing! This blog looks exactly like my old one! It’s on a completely
    different subject but it has pretty much the
    same page layout and design. Outstanding choice of colors!

  • April 29, 2021 at 6:06 pm
    Permalink

    I wanted to thank you for this good read!! I absolutely loved every little bit of it.
    I have got you book-marked to look at new stuff you post…

  • May 4, 2021 at 4:48 am
    Permalink

    Does your website have a contact page? I’m having a
    tough time locating it but, I’d like to shoot you an email.
    I’ve got some recommendations for your blog you might be interested in hearing.

    Either way, great website and I look forward to seeing it grow over time.

  • May 4, 2021 at 9:42 am
    Permalink

    I am regular reader, how are you everybody? This piece of writing posted at this website is truly pleasant.

  • May 7, 2021 at 11:55 am
    Permalink

    I’m really enjoying the design and layout of your website. It’s a
    very easy on the eyes which makes it much more pleasant for me
    to come here and visit more often. Did you hire out a designer
    to create your theme? Exceptional work!

  • May 8, 2021 at 10:41 am
    Permalink

    I constantly spent my half an hour to read this blog’s content all the time along with a mug of coffee.

  • May 9, 2021 at 5:48 pm
    Permalink

    Thankfulness to my father who told me about this weblog, this weblog is
    actually awesome.

Leave a Reply

Your email address will not be published.

%d bloggers like this: