TheCitizen - It's all about you
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials
No Result
View All Result
TheCitizen - It's all about you
No Result
View All Result

Alleged N4.6bn money laundering: Court asks Fani-Kayode to pay N200K for absenteeism

The Citizen by The Citizen
December 1 2021
in Financial Crimes
A A
0
Ruga settlements: Government of the Fulani, by the Fulani and for the Fulani

A Federal High Court in Lagos was on Tuesday told that former aviation minister Femi Fani-Kayode had complied with its order directing him to pay N200,000 for failing to appear to answer charges bordering on money laundering.

The Economic and Financial Crimes Commission (EFCC) had charged Fani-Kayode alongside former finance minister Nenandi Usman.

Also charged is Yusuf Danjuma, a former Chairman of the Association of Local Governments of Nigeria (ALGON), and a company, Jointrust Dimensions Nigeria Ltd.

EFCC preferred a 17-count charge of N4.6billion money laundering against them in the case that was initially handled by Justice Mohammed Aikawa.

They had each pleaded not guilty to the charges and were granted bails.

The trial had begun before Justice Aikawa and witnesses were still being led in evidence, but Aikawa was transferred out of the Lagos division.

The case was consequently assigned to a new Judge, Justice Daniel Osaigor, and the defendants were scheduled for re-arraignment on Oct. 13.

Recall that on Oct. 13, Fani-Kayode was absent from court and sent a letter informing the court that he was indisposed.

The Judge, however, noted that from the court’s record, the defendant had been absent on a similar excuse five consecutive times, and issued an order directing him to be present on Tuesday.

In addition, the court had imposed a cost of N200,000 on the defendant which the Judge said must be paid before the next adjourned date (today).

When the case was called on Tuesday, Mr Rotimi Oyedepo announced appearance for the prosecution

Mr Norrison Quakers (SAN), appeared for the second defendant (Fani-Kayode) while Mr Clement Onwuenwunor appeared for the third and fourth defendants.

Quakers first informed the court that he received a letter of excuse from the first defence counsel, Chief Ferdinard Orbih (SAN), who is unavoidably absent.

He said that the first defence counsel had also detailed brother silk to stand in for him, but added that the learned silk was engaged at the Supreme Court in Abuja

He urged the court to grant an adjournment as the first defence counsel had indicated an intention to be personally present during arraignment and consequent trial.

He informed the court that the orders of the court directing payment of N200,000 cost by the second defendant had been fully complied with.

He also informed the court that an affidavit of compliance is also before the court.

In response to the prayer for adjournment by the first defence counsel, the prosecutor confirmed to the court that he had received a call from the defence counsel.

He said that Orbih had informed him of the reason for his absence, adding that he was not opposed to the application for adjournment.

Following agreement of all parties, the case was consequently adjourned until Jan. 24 for re-arraignment and trial of the defendants

In the charge, the defendants were alleged to have committed the offences between January and March 2015.

In counts one to seven, they were alleged to have unlawfully retained over N3.8 billion which they reasonably ought to have known formed part of the proceeds of an unlawful act of stealing and corruption.

In counts eight to 14, the defendants were alleged to have unlawfully used over N970 million which they reasonably ought to have known formed part of an unlawful act of corruption.

Meanwhile, in counts 15 to17, Fani-Kayode and one Olubode Oke, who is said to be at large, were alleged to have made cash payments of about N30 million, in excess of the amount allowed by law, without going through a financial institution.

Besides, Fani-Kayode was alleged to have made payments to one Paste Poster Co (PPC) of No 125 Lewis St., Lagos, in excess of amounts allowed by law.

All offences were said to have contravened the provisions of sections 15 (3) (4), 16 (2) (b), and 16 (5) of the Money laundering (prohibition) (Amendment) Act, 2012.  – Vanguard.

Previous Post

Court jails ex-convict for 28 years for cyber fraud

Next Post

Stakeholders, groups seek end of police brutality, extortion in South-East

Related Posts

ICPC grills Gbajabiamila over PFIPC
Financial Crimes

ICPC grills Gbajabiamila over PFIPC

July 21 2026
Police arrest four cops for extorting ICPC chairman in Abuja
Financial Crimes

Police arrest four cops for extorting ICPC chairman in Abuja

July 20 2026
Court orders FG takeover of 48 Malami properties
Financial Crimes

Court orders FG takeover of 48 Malami properties

July 16 2026
Ex-CCT chairman pleads not guilty to corruption, remains in custody
Financial Crimes

Ex-CCT chairman pleads not guilty to corruption, remains in custody

July 9 2026
PFIPC: Police arrest Adeyemi’s father amid ongoing forgery probe
Financial Crimes

PFIPC: Police arrest Adeyemi’s father amid ongoing forgery probe

July 6 2026
Fake agency scandal: Presidency faces heat as FG prosecutes embattled DG
Financial Crimes

Phantom Agency: Fresh evidence reveals SGF clearance to Adeyemi for Canada summit

July 6 2026
Next Post

Stakeholders, groups seek end of police brutality, extortion in South-East

Guber election: We are prepared for Andy Uba in court, Anambra not Imo – APGA

Anambra guber: Court delivers judgment today on suit seeking for Soludo’s disqualification

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

FROM THE GRASSROOTS

Sokoto LG chairman quits APC, resigns from office

Sokoto LG chairman quits APC, resigns from office

by The Editor
July 8 2026
0

...

Bauchi Electoral Commission fixes August 17 for LG election

Bauchi Electoral Commission fixes August 17 for LG election

by The Editor
June 19 2026
0

...

Court grants indigenous status to Hausas born in Jos North

Court grants indigenous status to Hausas born in Jos North

by The Editor
June 11 2026
0

...

42-year-old Sheikh Dasuki emerges Chief Imam of Ilorin

42-year-old Sheikh Dasuki emerges Chief Imam of Ilorin

by The Editor
June 11 2026
0

...

APPOINTMENTS

Tinubu appoints Fayose REA chairman, names 25 others

Tinubu appoints Fayose REA chairman, names 25 others

by The Editor
July 20 2026
0

...

Tony Elumelu to step down as UBA chair, bank names successor

Tony Elumelu to step down as UBA chair, bank names successor

by The Editor
July 6 2026
0

...

Sahara Group appoints Folake Soetan as Arahas MD to drive oilfield services transformation across Africa

Sahara Group appoints Folake Soetan as Arahas MD to drive oilfield services transformation across Africa

by The Editor
July 3 2026
0

...

Tinubu appoints new NUC chairman

Tinubu appoints new NUC chairman

by The Editor
June 23 2026
0

...

ODDITIES

Nigerian woman in Canada demands husband swear oath against cheating before visa sponsorship

Nigerian woman in Canada demands husband swear oath against cheating before visa sponsorship

by The Editor
July 23 2026
0

75-year-old man bags 10 years jail for defiling minor

75-year-old man bags 10 years jail for defiling minor

by The Editor
July 16 2026
0

Court remands blogger over defamation of Soludo, son

Court remands blogger over defamation of Soludo, son

by The Editor
July 13 2026
0

GLOBAL NEWS

Republican senators mount drive to oppose Biden certification

Insecurity: Instead of addressing persecution, Nigeria launched PR campaign – Ted Cruz

by The Editor
July 23 2026
0

...

Xenophobia: Nigerian students funded your freedom – Shettima reminds South Africa

Xenophobia: Nigerian students funded your freedom – Shettima reminds South Africa

by The Editor
July 21 2026
0

...

US Congress okays bill to cut foreign aid to Nigeria

US Congress okays bill to cut foreign aid to Nigeria

by The Editor
July 17 2026
0

...

Nine European countries, Ukraine form defence coalition

Nine European countries, Ukraine form defence coalition

by The Editor
July 14 2026
0

...

Putin orders Russian nuclear forces on high alert

EU, UK hit Russia with joint sanctions over cyber attacks

by The Editor
July 14 2026
0

...

State of the States

Gov. Adeleke deposes Oba Joseph Oloyede, Apetu of Ipetumodu

Osun: I’ve kept my promise of good governance – Adeleke

by The Editor
July 23 2026
0

...

Lagos blames heavy rainfall for worsening road conditions

Lagos blames heavy rainfall for worsening road conditions

by The Editor
July 17 2026
0

...

Kogi govt confirms rescue of abducted principal, NECO official, two students

Kogi govt confirms rescue of abducted principal, NECO official, two students

by The Editor
July 17 2026
0

...

Anambra agency cracks down on illegal street trading, shanties in markets

Anambra agency cracks down on illegal street trading, shanties in markets

by The Editor
July 14 2026
0

...

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
APM accuses presidency of twisting Trump’s letter on Tinubu’s anti-terror fight

APM accuses presidency of twisting Trump’s letter on Tinubu’s anti-terror fight

July 23 2026
Lives of All Nigerians Carry Equal Value: ICADAR responds to Senate, House calls for reconsideration of Police withdrawal from VIPs

Minority caucus stages walkout as Reps pass Tinubu’s State Police bill

July 23 2026
Republican senators mount drive to oppose Biden certification

Insecurity: Instead of addressing persecution, Nigeria launched PR campaign – Ted Cruz

July 23 2026
Apapa gridlock must be resolved permanently – Punch

Apapa gridlock must be resolved permanently – Punch

July 23 2026

EDITORIAL REVIEW

Apapa gridlock must be resolved permanently – Punch

Apapa gridlock must be resolved permanently – Punch

by The Editor
July 23 2026
0

Duty waivers must not become a fiscal hole – Punch

Duty waivers must not become a fiscal hole – Punch

by The Editor
July 20 2026
0

State airports: White elephant epidemic – Punch

State airports: White elephant epidemic – Punch

by The Editor
July 17 2026
0

Jega resonates loudly on Electoral Act underbelly – Punch

Jega resonates loudly on Electoral Act underbelly – Punch

by The Editor
July 14 2026
0

Almajiri Commission: Stop this budgeting absurdity – Punch

Almajiri Commission: Stop this budgeting absurdity – Punch

by The Editor
July 13 2026
0

Opinion

Remi Tinubu under fire over akara, roasted corn remarks

Beyond ‘akara’ leadership

by The Editor
July 6 2026
0

...

Trump’s U-turn on Iran war ends Israel’s Middle East dream

Trump’s U-turn on Iran war ends Israel’s Middle East dream

by The Editor
June 17 2026
0

...

Terrorists kidnap Army Major General, wife in Katsina

Slain General: When the protectors need protection

by The Editor
June 17 2026
0

...

Bandits attack mosque, kill 1, abduct 9 in Kaduna

When terrorism becomes the talk of town

by The Editor
June 9 2026
0

...

Plugin Install : Popular Post Widget need JNews - View Counter to be installed
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.

No Result
View All Result
  • Home
  • Headlines
  • Latest News
  • Governance
  • Business
  • Financial Crimes
  • Opinion
  • Editorials

© 2026 TheCitizen Ng. All Rights Reserved.