EFCC closes case in trial of Fani-Kayode over alleged money laundering

Click banner for more info

The Economic and Financial Crimes Commission EFCC has closed its case in the trial of former Minister of Aviation and Tourism, Femi Fani-Kayode over a 40-count amended charge on money laundering, Vanguard reports.

At a resumed hearing of the case in a Federal High Court sitting in Lagos, counsel to the EFCC in a letter delivered by Mr. Vitalis Ahaotu to the presiding Judge, Justice Rita-Ofili Ajumogobia, the EFCC notified the court of the commission's intention to close the case against the former Minister.
Continue..

Counsel to Chief Fani-Kayode, Mr Wale Akoni did not object to the letter of closure but however informed the court of his intention to file a no-case submission to the charges against his client. The judge gave Mr Akoni 21 days to file a no case submission and adjourned the case till Oct. 28 for adoption of final written addresses. Continue...

Femi Fani Kayode has been standing trial since December 2008 over a 47-count charge of money laundering which was amended in March 2014 with 7 of the charges dropped. Among the charges against him was that he transacted business with funds exceeding N500, 000 without going through a financial institution.

He was also accused of accepting cash payments in the tune of about N100 million during his tenure as Minister of Aviation and Minister of Culture and Tourism, respectively.