More troubles for FFK, named with Usman in N1.5bn alleged fraud

Just when supporters of Femi Fani-Kayode, a former minister for Aviation are clamouring for his release from EFCC custody, he has fallen into more troubles

The anti-graft agency has filed 17 count charges against Fani-Kayode over an alleged N1.5 billion fraud.

Also included in the charge sheet are former Minister of Finance, Senator Nenadi Usman, one Danjuman Yusuf and Olubode Oke as well as a company, Joint Trust Dimensions Limited,

The case is yet to be assigned to a judge so no date has been fixed for the hearing.

Read also: Diezani associates’ $1.8bn assets suit adjourned to June 29

In the first count, “Usman, Fani-Kayode, Yusuf And Jointrust Dimensions Nigeria Limited on or about January 8, 2015, within the jurisdiction of the Court conspired to indirectly retain the sum of 1.5 Billion Naira, a sum the EFCC said they reasonably ought to have known formed part of the proceeds of an unlawful act of stealing.

“They, therefore, committed an offence contrary to Section 18 (a) of the Money Laundering (Prohibition) (Amendment) Act, 2012. The Offence is punishable under Section 15(3) & 4 of the same Act,2 the charge read.

“The EFCC had listed 17 witnesses to testify against the defendants including representatives of some banks.

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