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EFCC Files Fresh Money Laundering Charges Against Fani-Kayode

The Economic and Financial Crimes Commission has filed fresh money laundering charges against a former Minister of Aviation, Mr. Femi Fani- Kayode. The fresh charges were filed before the Federal High Court in Abuja. Fani-Kayode, Director of Media and Publicity in the campaign organisation of ex-President Goodluck Jonathan, is already standing trial before the Lagos Division of the Federal High Court.

He is facing 17 counts of money laundering before the Lagos Division of the court along with a former Finance Minister, Nenadi Usman, Danjuma Yusuf and a firm, Joint Trust Dimension Nig. Ltd. They were charged with unlawful retention, unlawful use and unlawful payment of money to the tune of N4.9bn. But in the fresh charges numbered, ‘FHC/ABJ/CR/140/2016’, Fani-Kayode is the sole defendant.

The EFCC filed five counts in the fresh case, in which it accused the defendant of diverting N26m allegedly received from the Office of the National Security Adviser, while Sambo Dasuki was in office. The EFCC also accused him of using the said N26m without going through financial institution as required under the Money Laundering Act. The case was mentioned before Justice John Tsoho,of the Federal High Court in Abuja on Friday. The prosecution team was absent at the proceedings.

Although Fani-Kayode was absent, he was represented by a team of lawyers led by Mr. Wale Balogun. Balogun wondered why the prosecution, who filed the charges, was not aware of the proceedings. He complained that his client had yet to be served with the charges as required. He sought an adjournment and the judge adjourned till November 10 for arraignment. The judge also ordered that hearing notice be served on the EFCC.

About Editor

Otunba Sayo Akintola is a 1992 graduate of Linguistics from the University of Ibadan, Oyo State. He holds a post-graduate diploma in Financial Management and MBA from Abubakar Tafawa Balewa University, Bauchi. He started his 12-year sojourn in journalism at the Nigerian Tribune in 1993 as Business and Economy reporter. He rose through the ranks to become the Group Business Editor of the nation’s oldest surviving private national newspaper, the Nigerian Tribune. He set up World Street Journal magazine in 2018.

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