29 Oct 2014

Court adjourns money laundering case against Femi Fani-Kayode

A Federal High Court sitting in Lagos has adjourned till Nov. 11, the trial of former aviation minister Femi Fani-Kayode.
Mr Fani-Kayode, is standing trial on an amended 40-count charge, of money laundering.

In the charge, the accused person was alleged to have transacted with funds exceeding N500,000 without going through a financial institution.



The prosecuting agency, the Economic and Financial Crimes Commission had also alleged the he accepted cash payments to the tune of about N100 million, while he held sway as Minister of Aviation and Minister of Culture and Tourism respectively.

The suit which was earlier fixed for hearing of addresses of counsel on a “no case submission” today has been further adjourned. No reason was given for the adjournment. The court registrars only informed parties that the suit had been slated for a further date.

The EFCC had opened its case against Mr Fani-Kayode on March 10. It called a total of six witnesses including: Investigating police officers, bank legal officer, relationship officer and a former aide to Fani-Kayode.

All witnesses had given various testimonies, as to their relationship with the accused, as well as the manner of investigations conducted on him.

The EFCC closed its case on July 10, while counsel to the accused, Mr Wale Akoni (SAN) informed the court of his intention to file an application for a no case submission on behalf of the accused.


Credit: Channels News

1 comment:

  1. The umbrella will cover him

    ReplyDelete

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