Judge’s absence stalls Fani-Kayode, Nenadi’s arraignment

The absence of Justice Sule Hassan of the Federal High Court in Lagos yesterday stalled the arraignment former ministers of Aviation and Finance, Chief Femi Fani-Kayode and Senator Nenadi Usman for an alleged N4.6billion money laundering charge.

The judge was said to be at an official assignment.

The accused persons were taken back to the Economic and Financial Crimes Commission (EFCC) Ikoyi office where they had been in its custody.

A new date for the arraignment would be communicated to parties, it was learnt.

Danjuman Yusuf and a company, Jointrust Dimentions Nigeria Limited were also named in the 17-count charge which borders on conspiracy, unlawful retention of proceeds of theft and corruption and money laundering.

The four were accused of indirectly retaining N300million, N400million and N800million, among others, all proceeds of corruption, according to EFCC.

The commission said they allegedly committed the offence between last January 8 and last March 25, 2015 ahead of last year’s general election.

In another count, the prosecution alleged that Fani-Kayode directly retained N350million which he ought to have “reasonably known formed part of the proceeds of an unlawful act to wit: stealing.”

According to EFCC, Fani-Kayode directly used N170million, among other sums, which he reasonably ought to have known was proceeds of corruption and stealing.

He was also accused of doing cash transaction of N24million with Olubode Oke, said to still be at large, without going through a financial institution.

The offence, EFCC said, violates sections 1(a) and 16(d) of the Money Laundering (Prohibition) (Amendment) Act, 2012 and punishable  under Section 16(2)(b).



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