TransparencIT
TransparencIT
@TransparencITng
Money laundering
Apr 4, 2026
FRN vs Clement Faboyede (PDP Chairman of Ondo State) & 1 other
Clement Faboyede
& 1 other
N500,000,000
Amount allegedly laundered
Case Summary
The accused allegedly conspired amongst themselves to make and accept cash payment in excess of N5,000,000 without going through a financial institution.
2,836
Day(s) since arraignment
Hon. Justice S. Saidu
Federal High Court, Ikoyi, Lagos
Case Information
Clement Faboyede & 1 other
Presiding Judge & Designated Court
Hon. Justice S. Saidu, Federal High Court, Ikoyi, Lagos
Nature and Number of Charges
3-count charge bordering on money laundering
Date of 1st Arraignment
Jun 29, 2018
Summary of Case
The accused allegedly conspired amongst themselves to make and accept cash payment in excess of N5,000,000 without going through a financial institution.
Defendant(s) and Plea entered on Arraignment
1. Clement Faboyede
(Ondo State PDP Chairman)
– Not guilty
2. Modupe Adetokunbo
(Former Director General of Goodluck Jonathan/Namadi Sambo 2015 Presidential Election Campaign in Ondo)
– Not guilty
Defence Counsel(s)
No defence counsel
Prosecuting Agency
Economic and Financial Crimes Commission
Prosecutor(s)
1. Iheanacho Ekene (Lawyer)
Status of Case
On Trial
Stage of Trial
Prosecution Stage
Length of Trial
2,836 day(s)