Alleged ₦6.9bn fraud: EFCC set to appeal court’s acquittal of Fayose

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The Economic and Financial Crimes Commission (EFCC) has disclosed its intention to appeal the ruling of the Federal High Court in Ikoyi, Lagos, which on Wednesday acquitted and discharged former Ekiti State Governor, Ayodele Fayose, of the alleged ₦6.9 billion fraud.

In a statement shared on its official X handle, the Commission said it is currently reviewing the judgment delivered by Justice Chukwujekwu Aneke and has begun briefing its legal team in preparation for an appeal.

“Sequel to the judgement of Justice Chukwujekwu Aneke of the Federal High Court sitting in Ikoyi, Lagos on Wednesday, July 16, 2025, acquitting and discharging a former Governor of Ekiti State, Mr. Ayo Fayose from an alleged money laundering case preferred against him by the Economic and Financial Crimes Commission, EFCC, the Commission wishes to state that it is already studying the ruling and preparing for an appeal,” the agency wrote.

“The former governor was re-arraigned on Tuesday, July 2, 2019, alongside Spotless Investment Limited on an 11-count charge bordering on money laundering and stealing to the tune of N6.9bn ( Six Billion Nine Hundred Naira).

“The EFCC reaffirms its commitment to the rule of law as it briefs its counsel to appeal the judgement.”