The Human and Environmental Development Agenda (HEDA Resource Centre), a prominent Nigerian civil society organization, has filed a petition with the Economic and Financial Crimes Commission (EFCC) calling for a thorough investigation into a potential money-laundering violation linked to former Ekiti State Governor Ayodele Fayose and former President Olusegun Obasanjo.

In the petition, signed by HEDA Chairman Olanrewaju Suraju and addressed to EFCC Chairman Olanipekun Olukoyede, the group highlights a reported cash transaction exceeding legal limits. According to a November 25, 2025, media report, Fayose acknowledged providing Obasanjo with $20,000 in cash to cover travel expenses for attending his 65th birthday celebration in Lagos. Obasanjo reportedly confirmed receiving and later returning the funds in cash.

HEDA argues that this exchange contravenes the Money Laundering (Prevention and Prohibition) Act, 2022, specifically Section 19, which caps cash transactions at N5 million (approximately $3,000 at current rates) for individuals and requires larger amounts to be processed through licensed financial institutions. Violations carry severe penalties, including fines and imprisonment.

“The statements by both individuals constitute a clear admission of a prohibited cash-based financial transaction far above the statutory threshold,” Suraju stated in the petition. He emphasized the need for “immediate and diligent investigation and prosecution” to uphold anti-corruption standards.

The organization warned that ignoring the matter could erode public trust in efforts to combat money laundering and advance Nigeria’s de-dollarization agenda. As an example of EFCC’s recent vigilance, HEDA referenced the conviction of Precious Uzondu for foreign currency dealings.

HEDA, known for its advocacy on human rights and governance, reaffirmed its dedication to transparency and urged the EFCC to act impartially, demonstrating a commitment to the rule of law.

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