Tuesday, May 05, 2015

Fani-Kayode to learn fate of money laundering charges June 18

A Federal High Court in Lagos has fixed judgment for June 18, 2015 in the trial of a former Minister of Aviation, Chief Femi Fani-Kayode, charged with money laundering.

Justice Rita Ofili-Ajumogobia fixed the judgment date on Monday following adoption of final written addresses and summary arguments by lawyers to the Economic and Financial Crimes Commission and that of the accused person.
Fani-Kayode, whose trial began in 2008 before Justice Ramat Mohammed, was accused by the EFCC to have laundered about N100m while he was the Minister of Culture and Tourism and subsequently Aviation Minister.
The allegedly laundered sum was however reduced to N2.1m on November 17, 2014 after Ofili-Ajumogobia dismissed 38 out of the 40 counts levelled against Fani-Kayode by the EFCC for want of proof.
According to Punch the EFCC prosecutor, Mr. Festus Keyamo, while urging the court on Monday to uphold the remaining two counts and to accordingly convict Fani-Kayode, said the former minister had failed to exonerate himself of the allegations.
Keyamo argued that the prosecution had discharged its duty once it established that Fani-Kayode transacted in large sums above the Money Laundering threshold, adding that it was left for Fani-Kayode to explain the source of the money.
“Once you cannot explain the source of the large sum of money found on you, you are guilty of money laundering. If the prosecution must show where the money is coming from, then the whole essence of the money laundering law is defeated.
But Fani-Kayode’s lawyer, Mr. Ifedayo Adedipe (SAN), in his summary argument, maintained that Fani-Kayode made no confession to the EFCC, adding that the anti-graft agency had failed to show that Fani-Kayode actually accepted a cash sum of N1m, as alleged in one of the counts.
Adedipe said the EFCC had also failed to show to the court the person who handed the cash sum to the accused person.
Adedipe, while urging the court to discharge and acquit his client, said the EFCC had no case against him but was only striving to “show to the world that we have caught a big fish; but My Lord, there is no big fish here.”
Ofili-Ajumogobia, while fixing judgment for June 18, also granted an application to substitute Wale Ajisebutu with Ogbor Elliot as surety for Fani-Kayode.
You know they also need to charge him with basketmouth campaigner.. can ya all remember when this man wouldn't let Nigerians hear word in the media during the days leading up to the presidential elections. .. Lolz 

1 comment :

  1. I can't wait see him sober, yeye tap running mouth

    ReplyDelete