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Published On: Fri, Jul 11th, 2014

EFCC closes Fani-Kayode’s money laundering trial case

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Fani-KayodeThe Economic and Financial Crimes Commission (EFCC) yesterday closed its case in the trial of a former Minister of Aviation, Chief Femi Fani-Kayode, who was charged with money laundering.

Fani-Kayode is standing trial on an amended 40-count charge bordering on money laundering, before a Federal High Court sitting in Lagos.

In the charge, Fani-Kayode was alleged to have transacted business with funds exceeding N500,000 without going through a financial institution. He was also said to have accepted cash payments in the tune of about N100million, while he held sway as Minister of Aviation and Minister of Culture and Tourism, respectively, contrary to the Money Laundering Act.

When the case was mentioned yesterday, prosecution counsel, Mr. Festus Keyamo, through a letter delivered by Mr. Vitalis Ahaotu, informed the court of the closure of its case.

The defence counsel, Mr. Wale Akoni (SAN), did not object to the letter by the Prosecution. But he informed the court of his intention to file a no-case submission to the charges against his client.

Consequently, Justice Rita-Ofili Ajumogobia gave defence 21days within which to file their application before the court and ordered the prosecution to respond within seven days, on receipt of the process.

She adjourned the case till Oct. 28 for adoption of final written addresses.

According to NAN, Justice Ajumogobia is the third judge to sit over Fani-Kayode’s case in the last 5 years. (NAN)



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