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19Billion alleged fraud: Fani-Kayode to be re-arraigned declares Lagos Court

Former Minister of Aviation, Femi Fani-Kayode is to face a full-fledged criminal prosecution for allegedly misusing N19billion in his custody for the development of the Aviation Sector whilst he held sway as the Minister of the sector.

A Lagos state High Court on Monday ordered the EFCC to immediate arraign the vocal Minister over alleged fraud on the allegation of money laundering.

Justice Rita Ofili-Ajumogobia, gave the order while ruling on an application of objection filed by Fani-Kayode’s Counsel, Mr Ifedayo Adedipe (SAN), challenging the competence of the charges.

The prosecutor, Mr Festus Keyamo, on January 27, filed an amended 40-count charge bothering on money laundering against Fani-Kayode and urged the court to order him take his plea.

Fani-Kayode was first arraigned on February 11, 2013 on a 47-count charge of money laundering.

Fani-Kayode had pleaded not guilty to the charge and was granted bail.

 

In the charge, the accused was alleged to have transacted funds exceeding N500, 000 without going through due financial process

AmarSim Associations Development Consultants

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