EFCC Arraigns Fani-Kayode for Money Laundering Charges

The Economic and Financial Crimes Commission, today, arraigned a former aviation minister and Director of Publicity for President Jonathan 2015 Campaign, Femi Fani-Kayode, accusing him and three others of laundering N4.9 billion.A planned arraignment of Mr Fani-Kayode was stalled last Tuesday by the absence of the trial judge.Judge Sule Hassan’s absence was said to be due to an “official function”.Mr Fani-Kayode is facing a 17-count charge bordering on unlawful retention, use, and payment of money in the tune of about N4.9 billion.Others charged alongside the former minister are Nenadi Usman, former finance minister; Danjuma Yusuf; and a company, Joint Trust Dimension Nig. Ltd.In counts one to seven, they were alleged to have unlawfully retained over N3.8 billion which they “reasonably ought to have known” formed part of the proceeds of an unlawful act of stealing and corruption.