The Federal High Court in Lagos will today, June 18 deliver judgement in the alleged money laundering case involving the director of Media of the Goodluck Jonathan 2015 Presidential Campaign Organization, Femi Fani-Kayode.
The trial judge, Justice Rita Ofili-Ajumogobia had fixed the date last month after counsels to Fani-Kayode and the Economic and Financial Crimes Commission (EFCC) adopted their final written addresses.
Fani-Kayode was arraigned before the court by the EFCC on a two count charge of laundering the sum of N2.1 million, while he was serving in President Olusegun Obasanjo’s administration as Minister of Aviation and Minister of Culture and Tourism.
He was specifically accused by the Economic and Financial Crimes Commission (EFCC) of conducting financial transaction exceeding N500,000, which was not done through a financial institution by accepting cash payment of various sums which was further carried in cash to First City Monument Bank Plc (FCMB) through some of his associates.
He pleaded not guilty to the charge.
It would be recalled that the former minister was first arraigned sometime in December 2008, before Justice Ramat Mohammed of the Federal High Court, Lagos on a 47-count charge.
He had pleaded not guilty to the charge and was admitted to bail in the sum of N200million with two sureties in like sum.
He was re-arraigned before Justice Binta Murtala-Nyako in 2010, following the transfer of Mohammed from the Lagos Division. Again, he was re-arraigned before Justice Ofili-Ajumogobia on February 11, 2013, after the transfer of Justice Murtala-Nyako to the Jos Division of the court.
Money Laundering: Fani-Kayode Knows Fate Today
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