Skip to content
October 16, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Fani-Kayode Has Money Laundering Charges to Answer, Says EFCC
  • National News

Fani-Kayode Has Money Laundering Charges to Answer, Says EFCC

Admin November 19, 2014

Femi-Fani-Kayode1The Economic and Financial Crimes Commission (EFCC) on Tuesday stated that the former Minister of Aviation Femi Fani-Kayode must answer the money laundering charges brought against him.

Wilson Uwugiaren stated this in a telephone interview with our Correspondent from Abuja.

According to him, “Fani-Kayode was arraigned on an amended 40-count charge bordering on money laundering to the tune of about N100, 219,500, but the court held that he must prepare his defence on two other charges. So, it can still be argued that he is not yet a free man, as far as EFCC is concerned.”

The Judge stressed that the prosecution had earlier made a prima facie case on count 25 and 26 and as a result, the accused should appear before the court and open his defense on the mentioned counts, even as she discharged and acquitted Fani-Kayode on all other counts.

At the last hearing, after the EFCC had concluded its case against the former minister, he elected not to put in a defense and instead filed a no-case submission in which he argued that the EFCC had failed to establish a prima facie case of fraud against him. He argued that there was no nexus between him and the alleged offence.

However, the EFCC urged the court to dismiss the no-case submission on the ground that it was incompetent and frivolous, and also prayed the court to order Fani- Kayode to open his defense on the charges. Justice Ajumogobia adjourned the matter till December 5th, 2014 for continuation of trial.

It would be recalled that the Federal High Court sitting in Lagos, south-west Nigeria, has on Monday, allegedly cleared the former Aviation Minister of 38 charges, partly upholding his no case Submission.

Mr Fani-Kayode was facing charges bordering on money laundering filed against him by the Economic and Financial Crimes Commission (EFCC).

After 38 of the 40 charges were dismissed Mr. Fani-Kayode, had told newsmen on the court premises that he was accused of stealing 99 million Naira from the Aviation Intervention Fund by the EFCC. He said that the crime actually took place before he became the Minister of Aviation.

 

 

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: mainnews mainnews2 newsbar recommended

Post navigation

Previous Former Delta Speaker, Ochei, Denies Role in IPP Project
Next 2015: Obuseh Tells Delta North to Support Governor Uduaghan

Related Stories

ESDIAC ​‌‌‌⁠‍‍⁠⁠‍​⁠​‍⁠‍‌‌‌​secures licence to operate in Nigeria’s data market
  • Business & Economy
  • National News

ESDIAC ​‌‌‌⁠‍‍⁠⁠‍​⁠​‍⁠‍‌‌‌​secures licence to operate in Nigeria’s data market

October 16, 2026
Home Ownership: FG plans N85m mortgage limit, 40% allocation for informal workers
  • National News

Home Ownership: FG plans N85m mortgage limit, 40% allocation for informal workers

October 16, 2026
Navy sustains operations in Delta, recovers another 75,000 litres of stolen oil Naval rating arrested
  • National News

Navy sustains operations in Delta, recovers another 75,000 litres of stolen oil

October 16, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

Loveworld Europe Unveils State-of-the-Art Broadcast Studios in London, Marking a New Era in Global Gospel Media
  • Society

Loveworld Europe Unveils State-of-the-Art Broadcast Studios in London, Marking a New Era in Global Gospel Media

October 16, 2026
Media Trust Group launches converged digital newsroom
  • Business & Economy

Media Trust Group launches converged digital newsroom

October 16, 2026
Catholics in Africa outnumber those in Europe, Vatican says
  • International News

Catholics in Africa outnumber those in Europe, Vatican says

October 16, 2026
AfDB invests $750,000 to support women entrepreneurs in Nigeria Africa
  • Breaking News

AfDB invests $750,000 to support women entrepreneurs in Nigeria

October 16, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.