Money laundering: Court resumes Fani-Kayode’s trial

Federal high court in Lagos on Wednesday resumed the trial of a former Minister of Aviation, Chief Femi Fani-Kayode, for allegedly laundering of about N230 million.

Fani-Kayode is being prosecuted by the Economic and Financial Crimes Commission (EFCC). At the resumption of trial, the prosecution put one Olubayo Shodipo in the witness box.

Shodipo claimed that the former minister opened an account for himself, his daughter, Remilekun and his wife, Reggina, at a new generation bank.

Copies of the opening forms for the accounts were tendered by the prosecution and were all admitted as exhibits by the court. He said the accused also opened a fixed deposit account with a deposit of N25 million.

The witness said the accused closed the fixed deposit account on January 4, 2007 via a letter to that effect.
The case was adjourned till tomorrow.

Counsel to the former minister, Mr. Festus Keyamo, expressed his displeasure at what he described as an attempt by certain individuals to politicise the trial of the former minister.

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