Femi Fani Kayode Arraigned Over N26 Million Money Laundering Offences

Former presidential campaign spokesperson, Femi Fani Kayode, was today, November 10, 2016 arraigned by the EFCC over money laundering to the tune of N26 million. He was granted bail in the sum of N50 million and one surety in like sum. The case has been adjourned to Wednesday, December 14, 2016 for trial.

It would be recalled that the Economic and Financial Crimes Commission (EFCC) on Friday, 21 October, 2016 re-arrested Chief Femi Fani-Kayode, after he stepped out of a courtroom at Federal High Court sitting in Lagos, where he is standing trial.

Chief Fani-Kayode, who was Director of Media and Publicity, campaign committee of ex-President Goodluck Jonathan, was charged alongside a former Minister of Finance, Nenandi Usman, Danjuma Yusuf and a company, Joint Trust Dimension Nig. Ltd., on a 17 count charge of unlawful retention, unlawful use and unlawful payment of money in the tune of about N4.9 billion, aa charge brought against them by the EFCC.

Also Read: EFCC Re-arrests Fani-Kayode

They each pleaded not guilty to the charge and were granted bail.

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