Alleged fraud: EFCC to produce Fani-Kayode’s statement of accounts

By IAfrica
In Nigeria
Mar 11th, 2014
Femi Fani-Kayode

Femi Fani-Kayode

The Economic and Financial Crimes Commission (EFCC), yesterday told a Federal High Court, Lagos that it would produce the statement of accounts owned by former Minister for Aviation, Chief Femi Fani-Kayode.

FFK is currently standing trial before the court for alleged money laundering offences.

The Commission, represented by Mr. Festus Keyamo, however prayed the court, presided over by Justice Rita Ofilli Ajumogobi, to give it more time to produce the said evidence.

Keyamo told the court that the bank has made a promise to generate the required statement within a week, stressing that the Commission would tender it in evidence as soon as it receives it.

The bank details to be tendered are for the period starting from 2004 to 2008, according to the prosecution.

The EFCC had rearraigned the former Minister on a 40-count charge bordering on money laundering to the tune of N100 million when he held sway at the Federal Ministry of Aviation.

The amended charge says the former Minister transacted funds exceeding N500, 000 without going through financial institution in contravention of the provisions of Sections 15(1) (a) (b) (c) (d) and 15 (2) (a) (b) of the Money Laundering (prohibition) Act, 2004

Fani-Kayode has, however, pleaded not guilty to the charges.

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