Home News Money Laundering: Court discharges, acquits Femi Fani-Kayode

Money Laundering: Court discharges, acquits Femi Fani-Kayode

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A Federal High Court in Lagos on Thursday cleared former Minister of Aviation, Mr. Femi Fani-Kayode, of money laundering charges. He was discharged and acquitted.

Mr. Fani-Kayode’s trial began in 2008. He was arraigned by the E​economic and Financial Crimes Commission, E​FCC​,​ for alleged laundering of about N100 million while he was minister of culture and tourism and subsequently aviation Minister.

The N100 million allegedly laundered was, however, reduced to N2.1million on Nov. 17, 2014 after Justice Rita Ofili-Ajumogobia dismissed 38 out of the 40 counts levelled against Fani-Kayode for want of proof.

The EFCC prosecutor, Festus Keyamo, has urged the court to uphold the remaining two counts and convict Fani-Kayode, having failed to clear himself of wrongdoing.

However, delivering her judgment, the Judge, Ofili-Ajumogobia, ruled that the prosecution’s case was “feeble” and failed to provide “copious evidence” linking the accused to money laundering.‎

Fani-Kayode was Minister of Aviation in former President Olusegun Obasanjo administration. He also worked with Immediate-past President, Goodluck Jonathan during the last election campaign where he served as the Director of Media and Publicity for the Jonathan campaign organisation.

President Jonathan and the PDP lost the election to President Muhammadu Buhari of the opposition APC.

 

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