Court grants Fani-Kayode N50m bail

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Published on November 10, 2016 by pmnews   ·   No Comments

Fani-kayode sandwiched by EFCC officials

Fani-kayode sandwiched by EFCC officials

Justice James Tsoho of the Federal High Court Abuja on Thursday 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.

Fani-Kayode 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…

Read More…..PM News