FANI KAYODE AND OTHERS IMPRISONED FOR N4.6BN FRAUD.

A Federal High Court in Lagos on Tuesday requested the remand of a previous Minister of Aviation, Femi Fani-Kayode, and two others in jail over an asserted extortion of N4.6bn. Equity Suleiman Hassan gave the remand arrange not long after Fani-Kayode, Nenadi Usman and Danjuma Yusuf were charged before him by the Economic and Financial Crimes Commission. The judge said the three charged persons were to stay in the jail care pending the determination of their safeguard applications, the becoming aware of which has been settled for July 1, 2016. Joined with Fani-Kayode, Usman and Yusuf in the 17 numbers documented by the EFCC was an organization, Joint Trust Dimension Nigeria Limited. The charges verged on intrigue, unlawful maintenance of continues of burglary and government evasion.
Fani-Kayode, who was the representative for previous President Goodluck Jonathan's battle association in the 2015 general race, was blamed for planning with the others to straightforwardly and in a roundabout way hold different aggregates which the EFCC asserted they should have sensibly known were continues of them.
The denounced persons were said to have purportedly dedicated the offenses between January 8, 2015 and March 25, 2015 in the development to the general race.
In one of the tallies, the EFCC claimed that Fani-Kayode, who it recorded as the seconnd respondent in the charge sheet, and his co-litigants schemed among themselves to "in a roundabout way hold the whole of N1,500, 000,000.00, which total you sensibly should have known structures part of the returns of an unlawful demonstration to mind: taking."
The EFCC prosecutor, Mr. Rotimi Oyedepo, told the court that the said trick and aberrant maintenance of the N1.5bn constituted an offense under Section 18(a) of the Money Laundering (Prohibition) (Amendment) Act, 2012, culpable under Section 15(3)( 4) of the same Act.
In another check, the EFCC charged that Fani-Kayode "specifically held the whole of N350m," which the counter unite organization asserted that he should have "sensibly known framed part of the returns of an unlawful demonstration to mind: taking."
Fani-Kayode was blamed for specifically utilizing parts of the cash at different times, including a N250,650,000.00, which he purportedly utilized between March 20 and 25, 2015.
Fani-Kayode was additionally blamed for making a money exchange of N24m with one Olubode Oke, said to at present be on the loose, on February 12, 2015 "to Paste Poster Co of 125, Lewis Street, Lagos Island."
The couple were said to have made the exchange without experiencing any monetary organization a demonstration the EFCC asserted was in opposition to segments 1(a) and 16(d) of the Money Laundering (Prohibition) (Amendment) Act, 2012 and culpable under Section 16(2)(b) of the same Act.
'Not liable'
After perusing the charges to them on Tuesday, all the denounced persons argued not blameworthy.
Counsel for Fani-Kayode, Mr. Ifedayo Adedipe (SAN), and that of Usman, Mr. S.I. Ameh (SAN), along these lines educated the court that they had documented applications for the safeguard of their customers.
All alone part, Yusuf's advice, Mr. Fred Orbih, who likewise showed his arrangement to apply for his customer's safeguard, be that as it may, said he had yet to do as such.
In a short governing, Justice Hassan suspended the case till July 1 for becoming aware of the three safeguard applications.
The judge notwithstanding, requested the remand of the denounced persons in the jail guardianship.
The EFCC recorded 17 witnesses that will affirm against the litigants when the trial initiates.