N4.9BN FRAUD: EFCC TACKLES FANI-KAYODE WITH 115 CHEQUES
The Economic and Financial Crimes Commission, EFCC, has tendered 115 cheques as exhibits against former Minister of Aviation, Mr Femi Fani-Kayode, and his co-defendants in an ongoing N4.9bn fraud trial.
Fani-Kayode is standing trial in connection with the funding of the failed re-election bid of former President Goodluck Jonathan in 2015.
He is being prosecuted alongside a former Minister of State for Finance, Nenadi Usman; one Danjuma Yusuf and a company, Joint Trust Dimensions Limited.
Fani-Kayode was accused of directly using part of the money at various times, including a N250,650,000.00, which he allegedly used between March 20 and 25, 2015.
Fani-Kayode was also accused of making a cash transaction of N24m with one Olubode Oke, who owned a poster-printing firm on Lagos Island.
At yesterday’s hearing before Justice Rilwan Aikawa, the prosecuting counsel for the EFCC, Mr Rotimi Oyedepo, sought to tender, through a witness, Shuaibu Shahu, a set of 115 Zenith Bank cheques, which the EFCC claimed were used in illicit transactions.
Fani-Kayode’s lawyer, Mr Norrison Quakers (SAN), however, said he needed time to study the cheques to decide whether or not to oppose their admissibility as exhibits.
Justice Aikawa, as a result, adjourned the case till Thursday (today).
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