EFCC arraigns Fani-Kayode over fresh money laundering charges

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According to reports, the Economic and Financial Crimes Commission, EFCC, will on Thursday (today) arraign a former Minister of Aviation, Chief Femi Fani-Kayode, for allegedly receiving N26m from the Office of the National Security Adviser.

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Some fresh money laundering charges were last month filed against Fani-Kayode by the EFCC before the Federal High Court sitting in Abuja.

Fani-Kayode is the sole defendant in the fresh charges numbered, FHC/ABJ/CR/140/2016, before Justice John Tsoho of the Federal High Court in Abuja.

The EFCC in the fresh case filed five counts in which it accused the defendant of diverting N26m allegedly received from the ONSA while Sambo Dasuki was in office.

The anti-graft agency also accused him of handling the said N26m without going through financial institution as required under the Money Laundering Act.

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The embattled former minister is already 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.

5 thoughts on “EFCC arraigns Fani-Kayode over fresh money laundering charges

  1. These charges can't stick. Never! And EFCC knows it. Charge 1. Unlawful retention- only PDP can sue him for retention for monies allocated to be spent on media campaign. The FG has no locus standi. Charge2. Unlawful use - also laughable because he didn't receive monies directly from the CBN but from PDP campaign funds managers. So it is the fund managers you need to hold liable if found wanton. Charge 3. Unlawful payment - though it might be argued that cash disbursements are limited to an amount, smart lawyers would hide under the guise of contributions towards campaign made by individual party faithful been in cash, just like APC alluded to during their fund raising too. The challenge for EFCC is the fact that they are receiving returned monies without prosecution because it can be legally assumed that beneficiaries didn't know the source of monies but for those who blatantly refused they are humiliating them to submission. Is falae in detention? No as he has said he has no money to pay back from what was given him.

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