N4.9bn Fraud: Fani-Kayode Remains In Kuje Prison; Trial Stalled

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The trial of former Aviation Minister, Mr Femi Fani-Kayode over a N4.9 billion fraud charge could not proceed at the Federal High Court in Lagos on Monday as a result of his inability to meet the conditions set for his bail, granted by a Federal High Court in Abuja on a five-count charge of diversion of N26 million.

His counsel, Mr Wale Balogun, told the court that he has been in Kuje prison because he is yet to meet the bail conditions granted him by an Abuja court.

“My lord, the second accused (Fani-Kayode) was kept in custody of the prosecution for 21 days without any word, and finally, arraigned on November 10 before your learned brother, Justice John Tsoho in Abuja, on a five-count charge bordering on N26million.

“He was subsequently remanded at the Kuje prisons, and in view of this, we are helpless, as his bail conditions have not been perfected in spite of frantic efforts by family and friends,” Balogun said.

Mr Fani-Kayode had been facing a 17-count charge of money laundering to the tune of N4.9 billion before he was re-arrested on Friday, October 21 by operatives of the anti-graft agency.

He has been re-arraigned on fresh charges bordering on corruption, criminal breach of trust and diversion of funds by the EFCC.

Fani-Kayode, who was also spokesman for the Goodluck Jonathan Presidential Campaign, has pleaded not guilty to the five-count charge.

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