EFCC Arraigns Fani-Kayode, Ex-Minister, 2 Others Over N4.9bn Money Laundering

Posted by African Examiner Featured, Latest Headlines, News Tuesday, June 28th, 2016

ABUJA, NIGERIA (AFRICAN EXAMINER) – Former Aviation Minister, Femi Fani-Kayode and three others have been arraigned in court by the Economic and Financial Crimes Commission (EFCC) over money laundering.

Fani-Kayode who was the Spokesperson of Jonathan Presidential Campaign Organization; former Finance Minister Nnenadi Usman; Danjuma Yusuf and a private firm – Joint Trust Dimension Ltd were being prosecuted for allegedly involving in laundering of the sum of N4.9 Billion.

The 17-count charge which was slammed against the defendants among others include: unlawful retention, use and payment of money to the tune of about N4.9 Billion. The alleged offences were committed between January and March 2015.

In the suit-counts one to seven, the defendants were alleged to have unlawfully held over N3.8 Billion which formed part of the proceeds of an unlawful act – stealing and corruption.

The prosecution Counsel Rotimi Oyedepo, after the defendant’s arraignment, told the court that he was prepared to proceed with the trial as adjourned by the court.

It would be recalled the trial of the opposition PDP Chieftain who has been remanded for four weeks by the EFCC for investigations and others was stalled last week Tuesday, due to absence of the trial judge.