N4.6 Billion Fraud: Court Adjourns Fani-Kayode, Usman’s Trial

N4.6 Billion Fraud: Court Adjourns Fani-Kayode, Usman's Trial
Femi Fani-Kayode being accompanied by EFCC officials

A federal high court in Lagos on Tuesday adjourned the money laundering charges against former Minister of State for Finance, Nenadi Usman, and former Minister of Aviation, Femi Fani-Kayode.

The Economic and Financial Crimes Commission (EFCC) also arraigned a former Chairman of the Association of Local Government of Nigeria (ALGON), Yusuf Danjuma and a Company, Jointrust Dimension Limited on a 17-count of money laundering to the tune of N4.6billion.

The accused persons had pleaded not guilty to the charges and were granted bail by the court.

EFCC has since opened the case for the prosecution and is still leading witnesses in evidence.

At the last hearing on October 29, EFCC had led Shehu Shuaibu, its third prosecution witness in evidence.

Shuaibu, an investigator with the Commission, had told the court how the sum of N800 million was paid from the Ministry of External Affairs into the account of the fourth defendant, Jointrust Dimension Ltd.

The witness said investigations revealed that the money was paid into the company’s account on January 16, 2015.



OduNews on Google News

Submit press release, news tips to us: tips@odunews.com | Follow us @ODUNewsNG 

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More