Femi Fani-Kayode
BreakingCrimeHighlightTrending Story

N4.9bn laundering charge: Femi Fani-Kayode in EFCC net 

1k
Advertisement




Mr Femi Fani-Kayode, a former Minister of Aviation and new arrival in the All Progressives Congress (APC), has again been “invited” by the Economic and Financial Crimes Commission (EFCC) in Lagos over alleged laundering of about N4.9 billion.
Femi Fani-Kayode, who is currently being held by the EFCC, is said to be under investigation for alleged forgery and manipulation of documents.
Persecondnews.com had reported the ex-minister defected to the All Progressives Congress for a second time in September 2021.
He was brought to the Lagos Zonal Office of the anti-graft agency on Tuesday.
The details of the allegations against him were sketchy but theEFCC  spokesman, Wilson Uwujaren, confirmed Fani-Kayode’s arrest.
On his arrest, he said: “I think something like that happened.”
In 2016, Fani-Kayode was remanded for about 65 days alongside a former Minister of Finance, Mrs Nenadi Usman.
Both Fani-Kayode and Usman are being prosecuted on a 17-count of criminal conspiracy, fraud and money laundering to the tune of N4.9 billion.
They denied the charges but were granted N250 million bail each by the court.

Author

See also  Petrol: Deregulation reversal will lead to scarcity of product, CSOs tell FG

Leave a comment

Related Articles

Party Cohesion: Oyo APC Leaders Folarin,  Guber Hopeful Alli Signal Reconciliation

By Segun Adebayo The Oyo State chapter of the All Progressives Congress...

JAMB Announces ‘Special Walk-In Service’ for Candidates Oct. 21

By Omoyeni Ojeifo Candidates seeking answers to enquiries or assistance with the...

Fuel Subsidy Return Could Push Naira to ₦4,000 to a Dollar, Oyedele Warns

By Maryanne Awuya Minister of Finance and Coordinating Minister of the Economy...

FG, NCDC Urge Handwashing as Preventable Infections Rise

By Joycelyn EllakecAdah The Federal Government and the Nigeria Centre for Disease...