May 14, 2026

Amaechi Slams N500m Suit Against Femi Fani-Kayode, Fayose’s Spokesman Over Seized $43m

By Farouk Mohammed

Minister of transportation, Rotimi Amaechi, has filed a N500 million suit against Femi Fani-Kayode, a former minister of aviation, and Lere Olayinka, spokesman of Ayo Fayose, governor of Ekiti state.


 

The duo had accused Amaechi of owning the $43 million which the Economic and Financial Crimes Commission (EFCC) found in a Lagos residence.

In separate letters to Fani-Kayode and Olayinka, Lateef Fagbemi, counsel to Amaechi, said the allegations his client were false.

Fagbemi said his client has never owned a home in Lagos state, and that the “misleading information” was capable of tarnishing Amaechi’s reputation.

“The story as uploaded by you is to our knowledge, blatantly false, malicious and is aimed at impeaching the credit of our client, a two-time speaker of the Rivers state of house of assembly, a two-time governor of Rivers state and current minister of the federation,” read a letter sent to both men.

“Our client neither owns the house where the cash was found and your story and claim are unfounded.”

Amaechi’s counsel said the publication constitutes a libel and is defamatory “aimed at impinging our client’s character and credit in the eyes of Nigerians and foreigners.”

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