This ongoing drama between the Economic and Financial Crimes Commission (EFCC) and Ekiti state Governor Ayodele Fayose, doesn’t seem to be going away in a hurry.

The agency claims to have new evidence showing how the houses they seized in Lagos and Abuja were acquired.

The anti-graft agency has alleged that a large sum of money from the N1.219 billion received by Mr Abiodun Agbele from former Minister of State for Defense, Musiliu Obanikoro, on behalf of Gov. Fayose alongside some money from Ekiti State coffers was used to purchase the Lagos properties while the Abuja property was purchased with a loan from Skye Bank and Zenith Bank as cover up.

According to the Commission, the alleged stolen money was used to offset the bank loans.

“From the Dasuki funds, they had about N300m stashed in one account. However, when they were going to buy the N270m property located on Yedseram Street, they did not use the N300m from the stolen funds. Rather, they obtained a loan of N120m in the name of Spotless Hotel from Zenith Bank to deposit for the house,” an EFCC investigator told Punch.

“They then took about N150m out of the Dasuki money to pay the balance on the house and then used the same Dasuki funds to offset the loan. They went through all this stress to cover their tracks and make it look as if it was a bank loan they used in buying the property.

“Why did they take a loan that would be gathering interest when they had more than enough money to buy the house?”

Furthermore, it is reported that the seller of the Lagos duplexes was overpaid by N200m to help them purchase the Abuja properties.

“The worth of the four duplexes in Lagos is N1.1bn which was sold by Still Earth Nigeria Ltd. However, Fayose and Agbele paid Still Earth N1.3bn in cash and then told the company to transfer the balance of N200m to Skye Bank. It was that N200m that was used in purchasing the building at 44 Osun River Crescent, Abuja. This was done so that no one would be able to trace the funds to them,” the investigator said.