Alleged money laundering: EFCC re-arraigns Fani-Kayode, others

The Economic and Financial Crimes Commission EFCC on Monday, re-arraigned a former Minister of Aviation, Femi Fani-Kayode, on an amended 17-count charge of money laundering.

Femi Fani-Kayode

Fani-Kayode is charged alongside a former Minister of State for Finance, Nenadi Usman, before a Federal High Court in Lagos .

Also charged is Yusuf Danjuma, a former Chairman of the Association of Local Governments of Nigeria (ALGON) and Jointrust Dimentions Nigeria Ltd.

The EFCC had earlier preferred a 17-count charge of N4.6 billion money laundering against the defendants before the former trial judge, Justice Mohammed Aikawa.

The defendants had each pleaded not guilty to the charges and were granted bail.

Hearing of the case had begun before Justice Aikawa and witnesses were being led in evidence, before the trial judge was transferred out of the Lagos division.

The case was consequently assigned to a new judge, Justice Daniel Osaigor, and the defendants had to start the case from the beginning (de nouvo).

On Monday, the amended 17-count charge was read over to the defendants and they each pleaded not guilty to the charge

After pleas, the Prosecution counsel, Mr Rotimi Oyedepo (SAN), prayed the court for a trial date.

The Defence counsel, Chief Ferdinand Orbih (SAN), however, urge the court to allow the defendants to continue on the existing bail conditions granted by the former trial judge.

In a short ruling, the court allowed the defendants to continue on their existing bail conditions.

He adjourned the case until March 11, for trial.

In the charge, the defendants were alleged to have committed the offences between January and March 2015 in Lagos.

They were alleged to have at various times, unlawfully retained over N4.6 billion, which they reasonably ought to have known formed part of the proceeds of unlawful acts of stealing and corruption.

In counts 15 to 17, Fani-Kayode and one Olubode Oke, who is said to be at large, were alleged to have made cash payments of about N30 million to one Paste Poster Co (PPC) of No 125 Lewis St., Lagos.

The said payments were alleged to have been made in excess of amounts allowed by law without going through a financial institution.

All offences were said to have contravened the provisions of sections 15 (3) (4), 16 (2) (b), and 16 (5) of the Money Laundering (prohibition) (Amendment) Act, 2012.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

PDP Primaries: Ortom wins senatorial ticket as serving Ondo senator loses

PDP Primaries: Ortom wins senatorial ticket as serving Ondo senator loses

If I become president, any govt official that spends dollars will be jailed -Peter Obi

If I become president, any govt official that spends dollars will be jailed -Peter Obi

Rubber producers present life crocodile to Obasanjo, say they can’t give him money

Rubber producers present life crocodile to Obasanjo, say they can’t give him money

Presidential ambition: Emefiele withdraws suit against INEC, AGF

Presidential ambition: Emefiele withdraws suit against INEC, AGF

PDP Primaries: Enugu reports peaceful and transparent elections

PDP Primaries: Enugu reports peaceful and transparent elections

PDP primaries: INEC accused of swapping delegates list in Ogun State

PDP primaries: INEC accused of swapping delegates list in Ogun State

Rep Ogbeide-Ihama picks PDP ticket for Edo South at Senate

Rep Ogbeide-Ihama picks PDP ticket for Edo South at Senate

Buhari commiserates with Kano people over gas explosion

Buhari commiserates with Kano people over gas explosion

Africa loses 300,000 women, children due to smoke from firewood — Adesina

Africa loses 300,000 women, children due to smoke from firewood — Adesina