The Economic and Financial Crimes Commission (EFCC) says it will appeal the judgment of the Federal High Court in Lagos, which acquitted former Ekiti State Governor, Ayodele Fayose, of money laundering and theft charges involving N6.9 billion.
The anti-graft agency disclosed this in a statement issued on Wednesday, July 16, following the verdict delivered by Justice Chukwujekwu Aneke. The court had cleared Fayose and Spotless Investment Limited of the 11-count charge filed against them in July 2019.
Fayose was re-arraigned on allegations of receiving illicit funds and misappropriating public money during his tenure as governor.
In its response, the EFCC stated that it is reviewing the details of the ruling and has instructed its legal team to file an appeal.
The Commission maintained that its legal pursuit reflects its commitment to upholding due process and ensuring that cases of alleged financial misconduct are pursued to a logical conclusion.
The statement read: “Sequel to the judgment 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 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 judgment.”
