N4bn campaign funds: Falae firm’s account frozen, Fani-Kayode detained


Economic and Financial Crimes Commission yesterday froze the bank account of a company belonging to a former Secretary to the Government of the Federation, Chief Olu Falae.
Nigerianpilot gathered that the account with the United Bank for Africa titled Marecco Nigeria Limited with number 1000627022, was frozen as part of investigations into the N4bn disbursed by the Goodluck Jonathan Campaign Organisation during the build-up to the 2015 presidential election.
This is just as the EFCC detained a former Minister of Aviation, Chief Femi Fani-Kayode, on Monday for receiving N840m from the campaign funds.
The ex-minister, who arrived at the EFCC headquarters at 9.45am on Monday is still being quizzed as of 8.00pm yesterday .
Both Falae and Fani-Kayode were accused of receiving N940m from the Director of Finance of the campaign organisation, Senator Nenadi Usman, during the build-up to the election.
The money was said to have emanated from the account of the National Security Adviser which is domiciled in the Central Bank of Nigeria.
While Falae, who was the Chairman of the Social Democratic Party, collected N100m on behalf of his party, Fani-Kayode received N840m as the
spokesman for the campaign organisation.
A former Chairman of the Board of Trustees of the PDP, Chief Tony Anenih, who played an advisory role in the PDP presidential campaign, was said to have given instructions that N100m should be paid to Falae.
However, both Fani-Kayode and Falae have said they never knew that the money received was government’s.
Falae had said, “It is true that N100m was given to my party to endorse and work for Jonathan candidacy in the 2015 presidential election. We used the money for that purpose and we effectively campaigned for the PDP since we did not have a presidential candidate in the election. The money was not for me.
“Thank God, I’m a retired civil servant. I have …Read More

Source:: Nigerian Pilot