Femi Fani-Kayode
A Federal High Court in Lagos, has slated Jan. 16, 17 and 18, 2017 for continuation of trial of a former Minister of Aviation, Femi Fani-Kayode standing trial for money laundering.
Femi Fani-Kayode
Fani-Kayode, who was also a former Director of Media and Publicity, Campaign Committee of Ex-President Goodluck Jonathan, is charged alongside a former Minister of Finance, Nenandi Usman, and Danjuma Yusuf.
Also charged is a company, Joint Trust Dimension Nig. Ltd.
They were arraigned on a 17 count-charge bordering on unlawful retention, unlawful use and unlawful payment of money in the tune of about N4.9 billion.
They had each pleaded not guilty to the charge and were granted bail.
The trial of the accused which was earlier billed for Dec. 12 was disrupted because of the public holidays.
The court has now fixed three days Jan. 16, 17, and 18, 2017 for continuation of trial.
In the 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.
In counts eight to 14, the accused were alleged to have unlawfully used over N970 million which they reasonably ought to have known formed part of an unlawful act of corruption.
Meanwhile in counts 15 to17 Fani-Kayode and one Olubode Oke who is said to be at large, were alleged to have made cash payments of about N30 million in excess of the amount allowed by law, without going through a financial institution.
Besides, Fani-Kayode was alleged to have made payments to one Paste Poster Co (PPC) of No 125 Lewis St., Lagos, in excess of amounts allowed by law.
All offences were said to have contravened the Provisions of Sections 15 (3) (4), 16 (2) (b), and 16 (5) of the Money laundering (prohibition) (Amendment) Act, 2012. (NAN)
