EFCC files charges against Fani-Kayode, Usman

Former Minister of Aviation, Femi Fani-Kayode

Former Minister of Aviation, Femi Fani-Kayode

The Economic and Financial Crimes Commission (EFCC) has filed a 17-count charge against former Minister of Aviation, Femi Fani-Kayode, at the Federal High Court, Lagos, for an alleged fraud of N4.6 billion.

Fani-Kayode, who was the spokesperson for former President Goodluck Jonathan’s campaign organisation in the 2015 general election, is being arraigned alongside with former Finance Minister, Mrs. Nenadi Usman; one Danjuma Yusuf and a company named as Jointrust Dimentions Nigeria Limited.

The charges border on conspiracy, unlawful retention of proceeds of theft and money laundering.The suspects were said to have allegedly committed the offences between January 8, 2015 and March 25, 2015 in the build-up to the general election.

In one of the counts, the EFCC alleged that Fani-Kayode, who it listed as the second defendant in the charge sheet, and his co-defendants, conspired among themselves to “indirectly retain the sum of N1.5 billion, which sum you reasonably ought to have known forms part of the proceeds of an unlawful act to wit: stealing.”

The charge sheet, endorsed by the EFCC prosecutor, Rotimi Oyedepo, indicated that the said conspiracy and indirect retention of the N1.5 billion constituted an offence under Section 18 (a) of the Money Laundering (Prohibition) (Amendment) Act, 2012, punishable under Section 15 (3) (4) of the same Act.

In another count, the EFCC alleged that Fani-Kayode “directly retained the sum of N350 million”, which the anti-graft agency claimed he ought to have “reasonably known formed part of the proceeds of an unlawful act to wit: stealing.”

Fani-Kayode was accused of directly using parts of the money at various times, including a N250,650,000, which he allegedly used between March 20 and 25, 2015.

He was also accused of making a cash transaction of N24 million with one Olubode Oke said to still be at large on February 12, 2015 “to paste poster at 125, Lewis Street, Lagos Island.”

The duo were said to have made the transaction without going through any financial institution, an act the EFCC claimed, was contrary to Sections 1(a) and 16 (d) of the Money Laundering (Prohibition) (Amendment) Act, 2012 and punishable under Section 16 (2) (b) of the same Act.

Receive News Alerts on Whatsapp: +2348136370421

  • nana

    Dear youths of Nigeria this is how your leading elders make their money, by pasting 2D posters printed with only 3 colours on the Lagos streets for the sum of N250,650,000. So when you see them wearing their white babariga and kaftan with their chaffing feet sticking out of their leather slippers giving you a speech about how we should all work very hard ….. DON’T BELIEVE THEM. They themselves have never worked hard one day of their lives. So stop genuflecting when they walk past you in church/mosque, don’t rush to take pictures with them and NEVER buy or read their nonsense autobiography / motivatin books.
    Dear EFCC if you don’t have hard copies of evidence please don’t waste our time. if you don’t have bank transactions, cctv video recording, receipts, company registration certificates, signed fake contracts etc then just stop what you are doing and save us this heart ache of watching/reading the about this court case only to read at the end that the charges were dropped or inconclusive due to your ineptitude.

    • Bode George

      My dear Nana,
      If you believe this rubbish, then you believe anything…Gladly, your latter paragraph suggests you don’t!

      Does Nigeria have any street cameras or was the EFCC invited to the scenes to know that 24 million was exchanged by hand between “the duo”…’without recourse to any financial institutions’? It is only in Nigeria, that human beings are very gullible to swallow any ‘stupid’ bones thrown at them…EFCC and other anti-graft agencies, arrest [as tooth-less bull dogs] anyone who attempts to say anything against/near-counter present administration, remands them in custody, and then file very ridiculous charges against them days/months later, just so they are not charged with infringements to human rights!
      I am surprised! FFK challenges government, the next day he is arrested and detained, then weeks later is presented in court with fallacious claims…I tire o! See how The Senate President’s trial is almost a lost battle, amendments are made almost on daily basis!!! Yet non of the core APC members (defectants of PDP) is brought forward for trial, even with speculations of using state funds to fund APC campaign trails…A Presido who couldn’t buy nomination forms was then hiring/flying private jets before assuming office and no one can be queried? Ridiculous, I say!!