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Money Laundering: Fani-kayode Knows Fate June 18 - Politics - Nairaland

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Money Laundering: Fani-kayode Knows Fate June 18 by bugs1: 7:50am On May 05, 2015
A Federal High Court in Lagos yesterday fixed June 18 to deliver judgement in the alleged money laundering case involving the director of Media of Goodluck Jonathan 2015 Presidential Campaign Organization, Femi Fani-Kayode.

The trial judge, Justice Rita Ofili-Ajumogobia fixed the date after counsel to Fani-Kayode and the Economic and Financial Crimes Commission (EFCC) adopted their final written addresses.

Fani-Kayode, who is also a former minister of Aviation is standing trial on a two count charge of laundering the sum of N2.1 million, while he was serving in the Obasanjo’s administration as minister of Aviation and minister of Culture and Tourism respectively.

He was specifically accused by the Economic and Financial Crimes Commission (EFCC) of conducting financial transaction exceeding N500,000, which was not done through a financial institution by accepting cash payment of various sum which was further carried in cash to First City Monument Bank Plc (FCMB)) through some of his associates.

He pleaded not guilty to the charge.

While Adopting his client’s address, the former minister’s counsel, Ifedayo Adedipe (SAN), told the court that the EFCC has failed to link him with the crime.

Read full story
http://monitor9ja.com/2015/05/money-laundering-fani-kayode-knows-fate-june-18/

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