The Economic and Financial Crimes Commission has obtained a remand order to keep a former Minister of Aviation, Chief Femi Fani-Kayode, in custody for the next two weeks.
The remand order is, however, renewable after 14 days depending on the outcome of investigations.
Fani-Kayode is being investigated by the EFCC for allegedly receiving N840m when he was the Director of Publicity for the Goodluck Jonathan Campaign Organisation in 2015.
The money, which Fani-Kayode confessed to receiving, was said to have emanated from the account of the Central Bank of Nigeria.
The commission had recently frozen the ex-minister’s Zenith Bank account with number 1004735721 domiciled at Maitama, Abuja.
Fani-Kayode had told our correspondent that the PDP leadership gave him the impression that the money was sourced from private individuals.
He said, “I served as the director of publicity of the Jonathan campaign organisation and I was told to set up an account for the directorate, which I did. I never received money from the CBN but like all the other directors, we received money from the director of finance.”
However, a detective told our correspondent that the EFCC was working on the assumption that the ex-minister might have received more than N840m.
The source said, “Besides the N840m that Fani-Kayode admitted to receiving, we believe he got more. Thanks to BVN (Bank Verification Number), we can trace all other accounts that he has. We will trace the transaction history and see how much he truly received and how much was from the public funds.
“There are other petitions against the former minister and he will be grilled. In the coming days, we will reveal the outcome of investigations.”
When asked if the investigation of the former minister was a witch-hunt as alleged, the detective said such excuses were not tenable in court.
He recalled that Fani-Kayode was arraigned in court for several offences between 2008 and 2015, noting that this was under the PDP administrations.
“The issue of a witch-hunt does not apply here. Fani-Kayode faced a criminal trial under (late President Umaru) Yar’Adua and (former President Goodluck) Jonathan. Did it mean they also hated him?” the detective said.
Meanwhile, it was learnt that the commission might seize some of the ex-minister’s properties as investigations continue.
“Section 29 permits the assets of a person arrested under Section 28 to be seized by the state. The Recovery of Public Property Special Provisions Act Cap R42004 Laws of the Federation also empowers the EFCC to seize assets,” the source added.