Why Fani-Kayode’s N4.6bn Money Laundering Trial Was Stalled, Fresh Fact Emerges

Why Fani-Kayode’s N4.6bn Money Laundering Trial Was Stalled, Fresh Fact Emerges

  • There is a new development regarding the alleged money laundering trial of the former minister of aviation, Femi Fani-Kayode and others
  • The trial of Fani-Kayode and others on Wednesday, January 25th, faced a huge setback following the absence of the prosecution and defence counsels at the Lagos Division of the Federal High Court
  • Meanwhile, the EFCC earlier preferred a 17-count charge of N4.6billion money laundering against them, they had each pleaded not guilty to the charges and were granted bail

Fresh facts have emerged regarding the trial of former Aviation Minister, Femi Fani-Kayode and others over an alleged N4.6 billion.

According to a report by The Punch, the money laundering trial could not continue on Wednesday, January 25th, due to the absence of prosecution and defence counsels.

EFCC, former Aviation Minister, Femi Fani-Kayode, N4.6 billion money laundering case, APC, Federal High Court Lagos Division
The absence of prosecution and defence counsel stalled Fani-Kayode’s N4.6bn money laundering Trial. Photo credit: Femi Fani-Kayode
Source: Facebook

The case was adjourned

Meanwhile, the court had on the last adjourned date fixed January 25 for the continuation of trial but the matter could not proceed as the court was informed that the prosecution and defence counsels were both appearing at the court of appeal.

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The case was further adjourned till January 26.

Fani-Kayode is standing trial alongside a former Minister of State for Finance, Nenandi Usman; Yusuf Danjuma, a former Chairman of the Association of Local Governments of Nigeria and a company, Jointrust Dimentions Nigeria Limited.

Atiku: Dele Momodu mocks Keyamo for calling on EFCC to investigate Atiku

In another development, Dele Momodu fired back at Festus Keyamo for asking the EFCC to arrest Atiku Abubakar, the PDP presidential candidate.

Keyamo has earlier taken a swipe at the PDP candidate over corruption allegation level against him by his former aide, Michael Achimugu.

Achimugu had claimed that Atiku siphoned public money through SPVs when he served as vice president under ex-President Olusegun Obasanjo between 1999 and 2007.

Alleged terrorism: Tension as Fani-Kayode tackles Emefiele, accuses CBN governor of refusing to report to DSS

Femi Fani-Kayode, a chieftain of the All Progressives Congress (APC), berated the governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, accusing him of refusing to report to the DSS to answer questions on terrorism.

Media reports had earlier stated that the Department of State Services filed a motion ex parte at the Federal High Court in Abuja, seeking an order to arrest and detain the CBN chief over alleged terrorism financing.

The court, however, declined the motion ex parte which was said to have been filed by the applicant in the absence of the respondent.

Source: Legit.ng

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