How Fayose Acquired Properties Worth N1.35b Under Six Months In Office

Operatives of EFCC have disclosed how Ekiti State Governor Ayodele Fayose bought N1.35billion properties within six months in office, TheNation reports.

The Economic and Financial Crimes Commission (EFCC) has also summoned three more people for quizzing on Friday in respect of the ongoing investigation of the governor.

The five properties include four duplexes in Lagos and one in Abuja.

One of those invited, Oyin Daramola, who is an estate agent, is said to have told the EFCC team  that she did a legitimate business.She said she had never been fraudulent in all her business transactions.

Besides, Daramola, two others are to present evidence of their business fidelity.

Ahead of the Friday session, the anti-graft agency has relocated Fayose’s associate, Abiodun Agbele, from Lagos to Abuja.

The governor was inaugurated on October 16, 2014 but by April 2015, he had acquired the properties in Lagos and Abuja.

The four duplexes, which were bought at $1.3m each, are located on Tiamiyu Savage Street on Victoria Island in Lagos.

Each of the mansions is a four-bedroom duplex.

According to EFCC’s findings, while chalets 3 and 4 were purchased through Siqnathor, chalets 6 and 9 were owned by Noga Hotel

The fifth duplex was bought from the Skye Bank Plc at N200million.

Although the transactions were handled by  Still Earth belonging to Oyin Daramola, the governor has refused to pay estate agency fees up till the time of filing this report.


Instead, he offered to pay fees through the award of contracts to the estate agent in Ekiti State to defray the commission on the five properties.

Agbele allegedly brokered the deals.

Another source, who was privy to the preliminary investigation, said: “They approached Oyin Daramola through Abiodun Agbele whom she knew in Ibadan.

“Upon seeing Agbele who came to seek assistance to buy the four duplexes in Lagos, it was obvious he was looking so poor and could not afford the huge cost.

“ Agbele then said his friend, who wanted the duplexes, will call her. It was then Fayose later called Oyin Daramola. We have the call logs and the transcript of the conversation or negotiation already.

“Investigation confirmed that Fayose did not pay the agency fees but only offered to give contracts to Still Earth belonging to Daramola in Ekiti State to pay the required fees.

“Unknowingly, he wanted to award the contracts for kick-back to feather his nest.”

For questioning are Daramola of Still Earth, her former accountant and a consultant, simply called Titilayo of Philberth company.

“We are going to interact with these three people on Friday as part of the ongoing investigation of the governor. We had a preliminary interface with Daramola, who was innocently manipulated by Agbele and the governor for a legitimate business,” the EFCC source said.

Daramola reportedly told the EFCC team:  “I did legitimate business, I am not fraudulent. I don’t do dirty business deals.

“You can check my background and business records, I have never been involved in shady transactions. Even the purchase of the duplexes, I made sure every process is documented without cutting corners. I have no cause to live a dubious life.”