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Fani-Kayode, Nenadi Usman, Others Remanded in Prison Over Alleged N4.9 billion Fraud

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Fani-Kayode, Nenadi Usman, OthersThe Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned a former aviation minister, Femi Fani-Kayode, accusing him and three others of laundering N4.9 billion.

Fani-Kayode, who served as director of media and publicity during the campaign of former President Goodluck Jonathan, is facing a 17-count charge bordering on unlawful retention, use, and payment of money to the tune of about N4.9 billion.

Others charged alongside the former minister are Nenadi Usman, former finance minister; Danjuma Yusuf; and a company, Joint Trust Dimension Nig. Ltd.

According to the EFCC’s charge, the accused were alleged to have committed the offences between January and March 2015.

In counts one to seven, they were alleged to have unlawfully retained over N3.8 billion which they “reasonably ought to have known” formed part of the proceeds of an unlawful act of stealing and corruption.

The News Agency of Nigeria (NAN) reports that Fani-Kaoyde and others pleaded not guilty.

The prosecutor, Rotimi Oyedepo, informed the court that he was prepared to proceed with the trial at any date of adjournment.

Justice Sule Hassan, in a short ruling, adjourned the case to July 1st for hearing on the bail applications filed by the defendants.

The judge ordered that the defendants be remanded in prison custody pending ruling on their bail application.

The News Agency of Nigeria (NAN) was established by the Federal Government of Nigeria in May 1976 to gather and distribute news on Nigeria and cover events of interest to Nigeria at the international level for the benefit of the Nigerian Media and the Public.

4 Comments

  1. nwa nna

    June 28, 2016 at 11:19 pm

    I am in full support of PMB fighting corruption..But I am definitely NOT in support of holding people indefinitely without pressing charges against them like has been some cases.
    I am not a fan or supporter of diarrhea mouth FFK, but I have read that he, like several others being held have met their bail conditions hence the need to release them until their court trials begin. If they pose flight risk like I suppose many of them are, seize their passports and put them on a watch list with the airport and border agencies. But to hold them indefinitely I do not condone or support and here’s why, this is straddling a fine line between running a police state & a democracy.. Just the opinion of a concerned onlooker, looking in from the outside

    • Engoz

      June 29, 2016 at 8:28 pm

      You are very correct. On what grounds are they still holding people who have met bail conditions? I don’t know why it’s very hard for Nigerian institutions to apply civility…they just have to discredit themselves in the process. Because we are congratulating Buhari’s government on the clamp down on corruption, does not give them the right to act as they please.

  2. Err

    June 29, 2016 at 5:25 am

    Let the court keepmthem,if there’s a reasonable case against them,after bail the case goes cold.

  3. Prince

    June 29, 2016 at 4:23 pm

    Why can’t people just make money in a legit way so they could enjoy it. This is so shameful and this is what greed and selfishness cause.
    I cant pity them

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