Femi Fani-Kayode Meets Bail Conditions, Awaits EFCC Verification
A former Minister of Aviation, Chief Femi Fani-Kayode, on Monday met his bail conditions but he was still awaiting verification of some documents by the Economic and Financial Crimes Commission (EFCC).
A statement by Jude Ndukwe, the Media Adviser to the ex-minister, said Fani-Kayode was eager to reunite with his family.
The statement said: “Kindly be notified that Chief Femi Fani-Kayode has met all the conditions for his bail and the relevant documents have been duly filed and submitted at the Federal High Court in Lagos.
“We are now waiting for the EFCC to verify the documents after which he would be released. Despite the fact that he has been locked up for the last 62 days he remains confident, strong, healthy and in very high spirits.
“He misses his family very badly, especially his five month old son Aragon, and he looks forward to coming home to be with his family, friends and loved ones.”
The ex-minister is standing trial on a 17-count charge of unlawful retention, unlawful use and unlawful payment of about N4.9 billion.
He was arraigned alongside a former Minister of Finance, Nenadi Usman, Danjuma Yusuf and a company – Joint Trust Dimension Nigeria Limited.
Investigation by the EFCC indicated that Fani-Kayode was allocated about N840million from the funds which were used for the 2015 presidential campaign.
The ex-minister’s share of N840million was paid in three tranches into his account.
The first tranche of payment involving N350million hit the account on February 19, 2015. Another N250milion was also paid into the account on February19, 2015, while N240million was similarly credited to the account a month later; precisely, March 19, 2015.
The balance on this account as at December 31, 2015 was N189, 402.72.