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Tuesday 28 June 2016

EFCC finally arraigns Fani Kayode and 3 others for money laundering!


The former Minister of Aviation, Femi Fani-Kayode, was arraigned alongside others on Tuesday before a Federal High Court in Lagos for allegedly laundering N4.9 billion. Kayode, who served as
the Director of Media and Publicity in the campaign organisation of former President Goodluck Jonathan, was arraigned by EFCC alongside Nenadi Usman, Ex- minister of finance, Danjuma Yusuf and Joint Trust Nig. Ltd company for unlawful retention, unlawful use and payment of money to the tune of N4.9billion.


The News Agency of Nigeria (NAN) reports that Fani-Kaoyde and others pleaded not guilty. After their arraignment, the Prosecutor, Mr Rotimi Oyedepo, informed the court that he was prepared to proceed with the trial at any date of adjournment. Meanwhile, counsel to the first and second accused, Mr Ayo Adedipe (SAN) and Mr Fred Orbih, told the court that a bail application had been filed on behalf of the defendants. But counsel to the third accused, Mr S.I. Ameh, said he had yet to file a bail application.

 Responding, Oyedepo, informed the court that he had only been served with the application of the first and second accused, adding that he required time to reply. Justice Sule Hassan, in a short ruling, adjourned the case to July 1 for hearing of the bail applications. The judge, however, ordered that the defendants be remanded in prison custody pending determination of their bail application. The accused were alleged to have committed the offences between January and March 2015. 

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