Money laundering: Court imposes fine on Fani-Kayode

Spread the post

On Wednesday the Former Minister of Aviation, Femi Fani-Kayode was fined by Justice Daniel Osaigor of a Federal High court in Lagos in the sum of N200,000 for not making himself available for re-arraignment for alleged money laundering.

Osaigor fined Fani-Kayode after he had gone through the court’s file and noted five different letters by Fani-Kayode seeking adjournment on medical grounds.

The court, consequently, ordered that he should pay the sum or risks revocation of his bail.

Recall that the Economic and Financial Crimes Commission (EFCC) had charged Fani-Kayode alongside a former Minister of State for Finance, Nenandi Usman to court.

The commission preferred a 17-count charge of N4.6 billion money laundering against them, before Justice Mohammed Aikawa.

They had all pleaded not guilty and were granted bail.

Spread the post


Please enter your comment!
Please enter your name here