MONEY LAUNDERING: Court adjourns ex-ministers Usman, Fani-Kayode’s trial till Dec 2

The money laundering trial involving a former Minister of State for Finance, Nenadi Usman and ex-Minister of Aviation, Femi Fani-Kayode, was on Tuesday adjourned till December 2 by the Federal High Court, Lagos.

The Economic and Financial Crimes Commission (EFCC) arraigned the duo alongside a former Chairman of the Association of Local Government of Nigeria (ALGON), Yusuf Danjuma and a Company, Jointrust Dimension Limited on a 17-count charge of money laundering to the tune of N4.6 billion.

The accused persons had pleaded not guilty to the charges and were granted bail by the court.

EFCC has since opened the case for the prosecution and is still leading witnesses in evidence.

At the last hearing on October 29, EFCC led Shehu Shuaibu, its third prosecution witness in evidence.

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Shuaibu, an investigator with the Commission, had told the court how the sum of N800 million was paid from the Ministry of External Affairs into the account of the fourth defendant, Jointrust Dimension Ltd.

The witness said investigations revealed that the money was paid into the company’s account on January 16, 2015.

He said the money came from the Ministry of External Affairs, adding that the signatories to the account were one Darbisu and Benjamin.

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