Estate agent vows to cooperate with EFCC over N1.35bn houses traced to Fayose

One of the estate agents who sold houses acquired by the Governor of Ekiti State, Ayo Fayose, has promised to cooperate with the Economic and Financial Crimes Commission over the seven houses traced to the governor.
The seven houses were allegedly aquired by Fayose in a space of six months.

They are all located within the highbrow Victoria Island area of Lagos State, with one of them said to be in the exclusive and highly expensive Banana Island.

The cost of the houses have been put at about N1.35 billion.

Available information on Wednesday had it that one of the estate agencies involved in the transaction, Still Earth, has vowed to cooperate with the EFCC, which is investigating Fayose over N4.7 billion he allegedly collected from the Office of the National Security Adviser under retired Colonel Sambo Dasuki through a former Minister of State for Defence, Senator Musiliu Obanikoro.

Already, Fayose’s N1.299 billion bank account with Zenith Bank Plc has been frozen by a court order obtained by the EFCC.

A top official of Still Earth Limited and Signachorr Nigeria Limited, which sold one of the properties to Fayose, said contrary to the alarm being raised, the Governor actually bought a property in Lagos through it at the cost of N550 million.

It was, however, gathered that Fayose only paid an initial deposit of N400 million for the property through his close ally, Abiodun Agbele, popularly known as Abbey, promising to pay the balance at a later date.

Agbele is at present in the custody of the EFCC.

However, rather than paying the balance of N150 million through the same person that made the deposit or by himself, it was paid through a company, Samchese Nigeria Limited.

Samchese Nigeria Limited, however, has been discovered to be a contractor to the Ekiti State Government, fuelling speculation that the N150 million paid by the company for the completion of the payment for the N550 million house was a kick-back due to the Governor.

The official of Still Earth Limited and Signachorr Nigeria Limited, who spoke on condition of anonymity, said the company will not hide anything from the EFCC since it was a genuine transaction and they did not know the money Fayose paid was from a kick-back or the Office of the NSA.

The official said: “I want to tell you that we are a reputable company and have nothing to hide.

“We engaged in genuine transaction with Mr. Fayose and all the documents are there.

“We will not hide anything from the EFCC or any government agency that may be interested in the matter because our hands are clean.

“Nobody is trying to implicate the Governor.

“He should own up now because we are not ready to play any dirty game with him.”

It was learnt that three officials of the company have been invited for questioning by the EFCC on Friday (tomorrow).


The EFCC had in a case instituted against it by Fayose at the Federal High Court in Ado Ekiti presented an affidavit in which it indicted the governor.

The affidavit sought to justify the freezing of Faye’s account with Zenith Bank Plc.

The affidavit said in part: “That apart from fraudulently retaining the sum of N1,219,490,000.00 being part of the N4,745,000,000.00 stolen from the treasury of the Federal Government through the office of the National Security Adviser, the Applicant (Fayose) has also received gratification in form of kick back from various contractors with the Ekiti State Government, such as Samchese Nigeria Ltd, Tender Branch Concept Nig. Ltd, Hoff Concept Ltd, Calibre Consulting Ltd.

“That the Applicant received these kick-backs and gratification through Still Earth Ltd and Signachorr Nigeria Ltd.

“That, in turn, the Applicant (Fayose) instructed the Still Earth Ltd and Signachoor Nigeria Ltd to use the funds to acquire properties for him.

“That in complying with the Applicant’s instruction, Still Earth Ltd and Signachoor Nigeria Ltd, acquired properties on behalf of the Applicant in the name of a company known as J.J. Technical Services Ltd belonging to the applicant and his wife. Attached and marked Exhibit EFCC 08 are copies of the deeds of assignment for the said properties.”

Meanwhile, Agbele is said to have made statements indicting Fayose over several transactions, including the purchase of the seven houses and the movement of cash before, during and after the Ekiti State governorship election.