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Fani-Kayode, 2 others gets N250m bail each

By Kobor Amos
04 July 2016   |   12:43 pm
A Federal High Court in Lagos today July 4, 2016, has granted bail in the sum of N250m to Chief Femi Fani-Kayode, the former Minister of Aviation, who is being tried by the Economic and Financial Crimes Commission ...
Former Minister of Aviation, Femi Fani-Kayode

Former Minister of Aviation, Femi Fani-Kayode

A Federal High Court in Lagos today July 4, 2016, has granted bail in the sum of N250m to Chief Femi Fani-Kayode, the former Minister of Aviation, who is being tried by the Economic and Financial Crimes Commission (EFCC) for an alleged fraud of N4.9bn.

Justice Muslim Hassan granted the bail with two sureties in like sum and ordered Fani-Kayode to deposit his passport in the custody of the court pending the outcome of the case. The both sureties must be owners of landed properties within the court’s jurisdiction and must present evidence of tax clearance in the state.

Nenandi Usman, former Minister of State for Finance, and one Danjuma Yusuf, who were standing trial along with the former Minister of Aviation, Chief Fani-Kayode were also admitted to bail in the same condition.

The accused were on June 28, 2016, arraigned before Justice Hassan on 17 counts bordering on a 17-count charge that borders on conspiracy, stealing, corruption, money laundering and unlawful retention of proceeds of theft.

3 Comments

  • Author’s gravatar

    Foolish adultboy .

    Next time if somethings are pushed into your bank accounts, find out how and where they emanated from rather than running like an igboman into shoprites and shoplefts thinking God , Olodunmare has answered your prayers.

    Now you must vomit every kobo like Olisa Metuh and give a solemn promise to be of very very and very very good behavior next time..
    The diplomatic passport with you must be deposited along side others.

    Isi-ewu

    • Author’s gravatar

      Has your maggot-infested ear President found out how and where his campaign funds emanated from before rushing to shoprites like equally maggot-infested ear Akin Malaolu?

  • Author’s gravatar

    Buhari is probing PDP campaign funds but cannot probe APC campaign funds which came from funds looted by Rotimi Amaechi and Tinubu.