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.