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Asserted Money Laundering: EFCC Amends Charge Against Fani-Kayode

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The Economic and Financial Crimes Commission (EFCC) on Monday summoned a previous Minister of Aviation, Femi Fani-Kayode on a changed 17-count charge of illegal tax avoidance.



Fani-Kayode is being investigated close by a previous Minister of State for Finance, Nenadi Usman, a previous Chairman of the Association of Local Governments of Nigeria (ALGON), Yusuf Danjuma, and an organization, Jointrust Dimensions Nigeria Ltd.

The EFCC had before favored a 17-count charge of N4.6 billion illegal tax avoidance against the litigants under the steady gaze of the previous preliminary adjudicator, Justice Mohammed Aikawa.

The litigants had each argued not blameworthy to the counts and were allowed bail.



Becoming aware of the case had started before Justice Aikawa and witnesses were being driven in proof under the watchful eye of the preliminary appointed authority was moved out of the Lagos division of the court.

The case was along these lines allocated to another preliminary adjudicator, Justice Daniel Osaigor, and the respondents needed to begin the case all along (once more).

At Monday’s procedures, the revised 17-count charge was perused to the respondents and they each argued not liable.



After the supplication, the arraignment counsel, Mr Rotimi Oyedepo asked the court for a preliminary date.

The guard counsel, Ferdinard Orbih (SAN), in any case, requested that the court permit the respondents to forge ahead the current bail conditions conceded by the previous preliminary appointed authority.



In a short decision, the court permitted the respondents to progress forward their current bail conditions. He deferred the case to March 11, for preliminary.

In the charge, the litigants were claimed to have submitted the offenses among January and March 2015 in Lagos.

They were claimed to have at different occasions, unlawfully held over N4.6 billion, which they sensibly should have known shaped piece of the returns of unlawful demonstrations of taking and defilement.

In counts 15 to 17, Fani-Kayode and one Olubode Oke, who is supposed to be on the loose, were claimed to have made money installments of about N30 million to one Paste Poster Co (PPC) of No 125 Lewis St., Lagos.



The said installments were affirmed to have been made in overabundance of sums permitted by law without going through a monetary establishment.

The offenses were said to have repudiated the arrangements of areas 15 (3) (4), 16 (2) (b), and 16 (5) of the Money Laundering (Prohibition) (Amendment) Act, 2012.

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