Alleged N4.6bn Money Laundering: Court docket fines Fani-Kayode over absence at trial

alleged-n4.6bn-money-laundering:-court-docket-fines-fani-kayode-over-absence-at-trial

The Federal High Court docket in Lagos, on Wednesday, ordered a aged Minister of Aviation, Femi Fani-Kayode, to pay N200,000 for now not making himself on hand for re-arraignment for alleged money laundering.

The grab, Daniel Osaigor, said he had passed thru the court docket’s file and famend 5 assorted letters by Fani-Kayode searching for adjournment on identical clinical grounds.

He ordered that he can agree with to pay the N200,000 honest or risk revocation of his bail.

The Financial and Financial Crimes Commission (EFCC) had charged Mr Fani-Kayode alongside a aged Minister of Command for Finance, Nenandi Usman.

Moreover charged is Yusuf Danjuma, a aged Chairman of the Affiliation of Local Governments of Nigeria, and a firm, Jointrust Dimentions Nig. Ltd.

The EFCC preferred a 17-count worth of N4.6 billion money laundering in opposition to them sooner than a grab, Mohammed Aikawa, who used to be beforehand handling the matter.

The alleged fraudulent transactions took place January to March 2015, the duration which fashioned section of Mr Fani-Kayode’s time as the spokesperson for the Peoples Democratic Occasion’s (PDP) presidential campaigns for the reelection of then President Goodluck Jonathan in 2015.

Mr Jonathan lost the 2015 election to then candidate of the All Progressives Congress (APC) and incumbent president, Muhammadu Buhari.

Mr Fani-Kayode, who now not too prolonged ago defected to the ruling All Progressives Congress (APC), and the assorted defendants had all pleaded now not guilty to the money laundering prices when the case used to be sooner than Mr Aikawa as the trial grab.

The grab furthermore granted them bail.

Trial had begun sooner than Mr Aikawa and witnesses being led in proof sooner than the grab used to be transferred out of the Lagos jurisdiction of the court docket.

The case used to be then assigned to Mr Osaigor and the defendants scheduled for re-arraignment on Wednesday.


‘Fani-Kayode’s hundreds of medial excuses’

When the case used to be called on Wednesday, Bilikisu Buhari, announced an appearance for prosecution, and I.J. Ogechukwu for primarily the predominant defendant (Usman), Mr B.F. Ajudua for the second defendant (Mr Fani-Kayode) and Y. Olabode for the third and fourth defendants.

The prosecuting counsel, Mrs Buhari, then advised the court docket that on July 15, prosecution asked the court docket to adjourn the matter for re-arraignment of the defendants.

She suggested the court docket that on October 11, prosecution obtained a letter from the second defendant informing them that he had been given bed rest.

Mrs Buhari suggested the court docket that letters by the second defendant had changed into hundreds of, saying that he wrote them to preserve a ways from attending court docket sittings.

“Each time he doesn’t wish to serve court docket, this is the form of letter we accumulate,” she said.

Nonetheless, Mr Fani-Kayode’s counsel, Mr Ajudua, suggested the court docket that despite the undeniable truth that his consumer’s illness used to be routine, he had attended court docket veritably.

He entreated the court docket to grant an adjournment in favour of his consumer.

At this level, the grab decided to battle thru the court docket’s file and found that Fani-Kayode sought a the same clinical excuse 5 instances.

The grab asked his counsel to clutch one of two alternatives: revocation of Mr Fani-Kayode’s bail or the imposition of a N200,000 honest to be paid sooner than the following adjourned date.

The counsel chose the honest choice.

“From my data, the second defendant had written to the court docket 5 instances, excusing his trial on clinical grounds,” the grab said.

He mentioned the dates the letters were written as February 1, 2018, Would possibly likely perchance fair 30, 2019, November 24, 2020, March 21, 2021 and October 9, 2021.

“The second defendant is to pay a tag of N200,000 sooner than the following adjourned date, as the routine clinical excuse has been a sample that slows this trial,” he said.

He adjourned the case till November 30 for re-arraignment of the defendants.

Bills

The EFCC has alleged that the defendants dedicated the offences from January to March 2015.

In counts one to seven, the EFCC alleged that they unlawfully retained over N3.8 billion which they moderately ought to agree with acknowledged fashioned section of proceeds of stealing and corruption.

In counts eight to 14, the defendants were presupposed to agree with unlawfully archaic over N970 million which they moderately ought to agree with acknowledged fashioned section of corruption.

In counts 15 to 17, the EFCC said Mr Fani-Kayode and one Olubode Oke, said to be at astronomical, made money payments of about N30 million, in a ways extra than the utmost amount allowed by legislation.

Apart from, Fani-Kayode used to be presupposed to agree with made payments to 1 Paste Poster Co (PPC) of No. 125 Lewis St., Lagos, in a ways extra than the utmost amount allowed by legislation.

The alleged offences contravene Sections 15 (3) (4), 16 (2) (b), and 16 (5) of the Money Laundering (Prohibition) (Amendment) Act, 2012.

(NAN)

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