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Government & Politics

N1.5bn fraud: Fani Kayode Reacts to EFCC Charges

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Former Aviation Minister, Chief Femi Fani-Kayode, has asked the Federal High Court, Lagos, to admit him to bail 24 hours after he was arraigned on a 17-count charged by the Economic and Financial Crimes Commission (EFCC).

He also alleged that he is being pressured by EFCC to refund N840 million without trial.

In the motion for bail filed on his behalf by his counsel, Mr. Ahmed Raji (SAN), Fani-Kayode told the court that he would be ready and willing to provide responsible sureties as may be required by the court as a conditions for the grant of his application.

He argued that under the Administration of Criminal Justice Act (ACJA), bail is more relaxed as all offences are bailable “and in the class of offences charged, it is the prosecution that has a burden to show why bail should be refused. More so, under the Act, all offences can be compounded by plea bargain. So, it is not about imprisonment any longer.”

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He further argued that one of the co-accused in the charge, a former Minister of Finance, Senator Nenadi Usman, who allegedly received the money from government and paid Fani-Kayode, wrote that she did not know the money was from government. So, how would Fani- Kayode know?

EFCC slammed Fani- Kayode and Usman with a 17-count charge for fraud and money laundering.

Fani-Kayode was arrested for allegedly receiving N840 million during the presidential campaign of former president Goodluck Jonathan.

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