Home NEWS CRIME Fani-Kayode Appears In Court, Charged With N100 Million Money Laundering

Fani-Kayode Appears In Court, Charged With N100 Million Money Laundering

Fani Kayode in court
Former Nigerian Aviation Minister and currently the Director of media and publicity for the Peoples Democratic Party (PDP) Presidential Campaign Organisation, Femi Fani-Kayode is facing a two-count charge of money laundering before Justice Rita Ofili-Ajumogobia.
Fani-Kayode arrived the premises of the Federal High Court in Lagos yesterday accompanied by a contingent of armed police officers, despite being under prosecution by the federal government for money laundering.
The Economic and Financial Crimes Commission (EFCC) had instituted a 47-count charge amounting to N230 million against Fani-Kayode but the charge was later pruned down to 40 counts of N100 million.
In November last year, the judge dismissed 38 out of the 40 counts, leaving the prosecution to dwell on why Fani-Kayode received about N2.2 million “without going through a financial institution.”
At the resumed hearing yesterday, a defence witness, Kola Olapoju, told the court, during cross examination, that Fani-Kayode in 2006 requested for N1 million to “urgently” offset debts despite having over N8 million in his bank account.
Olapoju who was the administrator of the Fani-Kayodes’ estate, said that he was instructed by the ex-minister to release the money for the payment of artisans who had renovated his property.
“That wasn’t the first time the accused (Mr. Fani-Kayode) will be calling (on the phone) for money,” Olapoju, the first defence witness, said during cross examination, noting that the transaction was “unusual and exceptional.
“Most of the time monies were requested for projects or for relatives or other beneficiaries and those were to be disbursed directly. And the few instances where he had to use the money, I’d have to pay either into his account, give to a staff, or use as appropriately directed.”
On Tuesday, the judge ordered the EFCC to release the former minister’s international passport seized by the commission following an order by Justice Ramat Mohammed when the trial started in December 2008.
Mrs. Ofili-Ajumogobia is the third judge to handle the matter since then.
Olapoju said that in 2005, when Fani-Kayode joined the government of then President Olusegun Obasanjo, regular communications with him was “no longer as easy as it used to be.”
He said that Fani-Kayode asked him to “urgently” provide funds from tenants of their estate to pay the artisans.
“He called me by phone for money to pay artisans renovating the building,” Mr. Olapoju, who said he had been managing the Fani-Kayodes’ account for 14 years, said.
“To avoid delay of the money, I went out of my way to demand a cheque be prepared in my name, to save more time.
“After the second payment, about two weeks after, the accused (Mr. Fani-Kayode) called to enquire if the money had been paid.”
According to the witness, he deposited the first tranche of money – N1 million – on September 21, 2006, and the second payment – N1.1 million – was made eight days later.
“I had the instructions of the accused’s Chief of Staff to remit the money. In fact, by the time I took the latter one he informed me the artisans had been paid,” said the witness who added that he had a “standing instruction” from Fani-Kayode.
“For two weeks, they did not tell the accused money had been paid into his account.”
But the witness said he was unaware of his client’s bank account contained far more money that he was depositing for the payment of the artisans.
He said that he gave the cash to one Supo Agbaje to pay into Fani-Kayode’s account but was not aware if Mr. Agbaje paid the money because he dropped him off outside the bank on his way to the airport.
The EFCC said Agbaje, then Personal Assistant to Fani-Kayode, is now at large.
Aderemi Ajidahun, the second defence witness, told the court that Mr. Olapoju had arrived at the accused’s office with cash for his boss.
Ajidahun, who was Fani-Kayode’s Chief of Staff during the latter’s tenure as a minister, said they were childhood friends.
“One day around that time (in 2006), he (Mr. Olapoju) walked into my office and said he wanted to see the accused. I told him he was not around, in fact, he was not in Nigeria. He told me he had some funds for the accused.
“The accused does not handle money. I told him to go deposit in the bank. He said he was in a rush. At that point I called Agbaje and asked him to follow him to the bank and pay the money into the bank.
On September 29, Ajidahun said he received another call from Mr. Olapoju informing him he was in their office with cash for the accused.
“Again, the accused, and myself, was not in the office. I asked him to call Agbaje who assisted him the other time to go pay the money into the bank.”
The judge adjourned the trial to March 26 for the defence’s third witness. [myad]

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