Federal Court to decides Fani-Kayode’s money-laundering case June 18

Newsmen gathered that the Federal High Court in Lagos has fixed judgment for June 18, 2015, in the trial of a former Aviation Minister, Chief Femi Fani-Kayode, charged with money laundering.

Justice Rita Ofili-Ajumogobia fixed the judgment date on Monday following the adoption of final written addresses and summary arguments by lawyers to the Economic and Financial Crimes Commission and the accused person.

Fani-Kayode, whose trial began in 2008 before Justice Ramat Mohammed, was accused by the EFCC to have laundered about N100m while he was Minister of Culture and Tourism and subsequently Aviation Minister.

The allegedly laundered sum was however reduced to N2.1m on November 17, 2014 after Ofili-Ajumogobia, dismissed 38 out of the 40 counts levelled against Fani-Kayode by the EFCC for want of proof.

The EFCC prosecutor, Mr. Festus Keyamo, while urging the court on Monday to uphold the remaining two counts and to accordingly convict Fani-Kayode, said the former minister had failed to exonerate himself of the allegations.

Keyamo pointed out that the object of the charge was that Fani-Kayode transacted in cash sums above N500,000, which was the threshold stipulated by the Money Laundering Act.

According to Keyamo, Fani-Kayode himself had admitted making such transactions in his confessional statement of December 22, 2008 made to the EFCC.

He argued, “In this statement, he admitted that he transacted in cash above N500,000. My Lord, this statement went in without objection by the accused person and the statement was voluntary

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