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News

Femi Fani Kayode, Ex Finance Minister to be Arraigned for N1.5bn Fraud

Farouk Mohammed
By Farouk Mohammed
Published: June 14, 2016
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Outspoken chieftain of the PDP, Femi Fani-Kayode will soon be arraigned by the EFCC for a N1.5bn fraud.

Fani-Kayode had honored an invitation by the EFCC for questioning a month ago and since then had been held in detention by the anti-craft agency.

Fani-Kayode will be arraigned along with a former Minister of Finance, Senator Nenadi Usman; a firm, Joint Trust Dimensions Limited; and one Jimoh Yusuf.

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“We have filed charges against Fani-Kayode, Usman, Yusuf and a company, Joint Trust Dimensions Limited. Yusuf was the signatory to the account of Joint Trust Dimensions Limited. They will be arraigned before a Federal High Court in Lagos this week,” an official of the EFCC reportedly said.

They would be charged with 17 counts bordering on money laundering and fraud.

EFCC said Fani-Kayode and Usman were arrested for their role in the sharing of a N4bn campaign fund during the build-up to the 2015 presidential election.

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ByFarouk Mohammed
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Farouk Mohammed is a Head Editor at Okay Nigeria (Okay.ng). He has been publishing for 10 years and focused more on Local/World News on Okay.ng
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