Alleged Money Laundering: EFCC Amends Charge Against Fani-Kayode

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

Fani-Kayode is standing trial alongside a former Minister of State for Finance, Nenadi Usman, a former Chairman of the Association of Local Governments of Nigeria (ALGON), Yusuf Danjuma, and a company, Jointrust Dimensions 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 counts 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 of the court.

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

At Monday’s proceedings, the amended 17-count charge was read over to the defendants and they each pleaded not guilty.

After the plea, the prosecution counsel, Mr Rotimi Oyedepo asked the court for a trial date.

The defence counsel, Ferdinard Orbih (SAN), however, asked 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 to 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.

The 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.