Documented cases of fraud, corruption, and financial misconduct by Ekiti State government officials and agencies during the 2014–2018 term. Sources linked on each card.
2
Total cases
0
Convicted
0
Ongoing
1
Dismissed
Govt response:
DismissedPoliticised
Allegation
The EFCC alleged Fayose and then-Minister of State for Defence Musiliu Obanikoro received roughly ₦4.7bn from the Office of the National Security Adviser (under Sambo Dasuki, separately prosecuted over the $2.1bn arms-procurement fund) to finance Fayose's June 2014 governorship campaign. On 24 June 2016 the EFCC obtained a Federal High Court (Lagos) order freezing two of Fayose's personal Zenith Bank accounts and two linked to his company, Spotless Investment, and an aide.
Outcome / Status
On 13 December 2016 a Federal High Court sitting in Ado-Ekiti ordered the EFCC to immediately de-freeze the governor's accounts, ruling that the agency had breached his constitutional rights and section 308 immunity by freezing them without first investigating him directly or making him a party to the case.
Administration's response
Fayose denied any financial dealings with Dasuki's office and framed the freeze as politically motivated persecution by the Buhari federal government; the de-freezing order vindicated his procedural objection, though it did not rule on the underlying allegation.
AcquittedPursuing
Allegation
After his immunity ended, the EFCC arraigned Fayose and Spotless Investment Limited on 22 October 2018 on an amended 11-count charge, alleging he took possession of roughly ₦1.2bn-₦2.2bn and $5m in cash (bypassing the banking system) from Obanikoro on 17 June 2014 to fund his campaign, and later laundered sums totalling ₦6.9bn — including using over ₦1.6bn to acquire properties through proxy companies.
Outcome / Status
After a seven-year trial, the Federal High Court in Lagos discharged and acquitted Fayose and Spotless Investment on all 11 counts on 16 July 2025, with Justice Chukwujekwu Aneke ruling the EFCC had failed to establish a prima facie case — citing unreliable and contradictory witness testimony (including from Obanikoro) and the fact that an alleged central player, Abiodun Agbele, was never charged alongside Fayose.
Administration's response
The EFCC said it would obtain certified court records to appeal the acquittal.