Alleged N4.9bn fraud: ‘How Fani Kayode diverted N350m’
An investigator with the Economic and Financial Crimes Commission, Shuaibu Shahu, yesterday told a Federal High Court in Lagos that a former Minister of Aviation, Femi Fani-Kayode received N350m from the Ministry of Foreign Affairs through his Zenith Bank account on January 16, 2015 without executing any project or render any service to the ministry.
Led in evidence by EFCC counsel, Rotimi, Shuaibu said N800m was transferred from the ministry to Joint Trust Dimension Ltd which he said was used to divert the funds by the defendants.
He tendered various cheques used for the alleged transfer.
The presiding judge, Justice Rilwan Aikawa adjourned further proceeding to February 21.
Other defendants are a former Minister of State for Finance, Nenadi Usman and one Danjuma Yusuf.
The defendants are facing 17 counts bordering on conspiracy, unlawful retention of proceeds of theft and money laundering.
Fani-Kayode, who was the director of publicity of former President Goodluck Jonathan’s presidential campaign organisation in 2015, was accused of conspiring with the others to retain various sums which the EFCC said they ought to have reasonably known were proceeds of crime.
