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Money Laundering: Chief Femi Fani Kayode Gets N50Million Bail

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Money Laundering: Chief Femi Fani Kayode Gets N50Million Bail

fani kayode 50million bail

Nov 10, 2016 – Money Laundering Court Case: Chief Femi Fani Kayode Gets N50Million Bail 

Federal High Court Abuja ‘s Justice James Tsoho today granted a N50m bail to former spokesman of the Goodluck Jonathan Campaign Organisation, Chief Femi Fani-Kayode.

Fani-Kayode was arraigned by the Economic and Financial Crimes Commission (EFCC) on a five-count charge of money laundering to the tune of N26m.
FFK is the sole defendant in the fresh charges numbered, FHC/ABJ/CR/140/2016.

The EFCC accused the defendant of diverting 26 million Naira allegedly received from the ONSA while Sambo Dasuki was in office.

The anti-graft agency also accused him of handling the said N26 million without going through financial institution as required under the Money Laundering Act.

The embattled former minister is already facing 17-count charge of money laundering before the Lagos Division of the court, along with a former Finance Minister; Nenadi Usman, Danjuma Yusuf and a firm; Joint Trust Dimension Nigeria Limited.

They were charged with unlawful retention, unlawful use and unlawful payment of money to the tune of 4.9 billion Naira.

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7 Comments

7 Comments

  1. Bok

    November 10, 2016 at 6:47 PM

    money still plenty

  2. talker

    November 10, 2016 at 7:55 PM

    I am praying for the day i will embezzle 4billion naira and i will ask to bail myself with 1billion naira and go Scot free

  3. spayor

    November 10, 2016 at 8:29 PM

    I want to suggest that for any money stolen,if its above 50m the panelty should be death…no refund…you’ll see that these people will stop this diabolical act of theirs…

  4. fifelomo

    November 11, 2016 at 12:33 AM

    50million is just a token to him.

  5. Mon

    November 11, 2016 at 2:14 AM

    Sometimes i feel that most of the news about Nigeria are out just to make people think that government is working but in reality,things are standstill.

    Nigerians don’t want to be hearing about this arresting and bailing, we want action on execution of corrupt officials or life jail term.

  6. Bello ola

    November 11, 2016 at 9:38 AM

    W’v tired of all these lie-lie, government is claiming they are retriving money yet they still want to borrow, he shouldnt be they reserved embestle money for 2019 campaing

  7. sola olaniyi

    November 11, 2016 at 9:59 AM

    just N 50 million @EFCC

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