Femi Fani-Kayode and Nenadi Usman Arraigned Over N4.9bn Money Laundering

Former Aviation minister and former spokesperson of the PDP 2015 presidential campaign, Femi Fani-Kayode aka FFK and a former Finance minister, Nenadi Usman  were today re-arraigned before Justice Ridwan Aikawa of the Federal High Court in Lagos.

The case was reassigned to Justice Aikawa after Femi Fani-Kayode protested that the case be withdrawn from the initial presiding judge, Justice Muslim Hassan. (fear fear)

In the 17 count charge filed before the court by EFCC, Femi Fani-Kayode have conspired with the others including Nenadi Usman and two others, to directly and indirectly, retain various sums of money while executing the PDP campaign project between January 8th and March 25th 2015.  According to EFCC, the money spent is believed to be proceeds from fraud. 

In one of the counts, the defendants were accused of conspiring among themselves to “indirectly retain the sum of N1,500, 000,000.00 which sum you reasonably ought to have known forms part of the proceeds of an unlawful act to wit: stealing.” They are also alleged have retained 300m, N400m and N800m during the campaigns. The EFCC says all the money retained are believed to be proceeds from criminal acts. 

When the charges were read to them this morning, they all pleaded not guilty to the crime.  Justice Aikawa then adjourned the case to June 6th and 9th for the commencement of trial and for the judge to rule on Femi Fani-Kayode's application for the matter to be transferred to Abuja.

Money that they will steal yet, bill gate will still be richer than they will ever be.


Read Also:Read What Sahara Reporters Said Over Dino Melaye Book Launch


aroundtheworld,412,BBnaija,1,celebrity,54,crime,2,dubai,12,entertainment,446,fakepastor,1,featured,5,girls,3,goodnews,20,hurricane harvey,1,IPOB,1,jokes,31,kenyanstories,20,lifestyle,170,markangelcomedy,10,music,1,news,290,nigeriancivil,918,nnamdi kanu,5,p!nk,1,pink,1,smalldoctor,1,sports,3,stories,326,tasha cobbs,1,TSTV,1,video,10,
THE1960POST: Femi Fani-Kayode and Nenadi Usman Arraigned Over N4.9bn Money Laundering
Femi Fani-Kayode and Nenadi Usman Arraigned Over N4.9bn Money Laundering
Femi Fani-Kayode and Nenadi Usman Arraigned Over N4.9bn Money Laundering
Loaded All Posts Not found any posts VIEW ALL Readmore Reply Cancel reply Delete By Home PAGES POSTS View All RECOMMENDED FOR YOU LABEL ARCHIVE SEARCH ALL POSTS Not found any post match with your request Back Home Sunday Monday Tuesday Wednesday Thursday Friday Saturday Sun Mon Tue Wed Thu Fri Sat January February March April May June July August September October November December Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec just now 1 minute ago $$1$$ minutes ago 1 hour ago $$1$$ hours ago Yesterday $$1$$ days ago $$1$$ weeks ago more than 5 weeks ago Followers Follow THIS CONTENT IS PREMIUM Please share to unlock Copy All Code Select All Code All codes were copied to your clipboard Can not copy the codes / texts, please press [CTRL]+[C] (or CMD+C with Mac) to copy