Fani-Kayode Seeks Out-of-Court Settlement on N26 Million Fraud Allegation

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Fani-Kayode

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FEMI Fani-Kayode, a former Aviation minister,  on Monday, February 6, asked the federal high court Abuja, to adjourn his case to allow him explore other options of settlement aside from going to trial. Ameh Raji, SAN, counsel to Fani-Kayode, who made the application on his behalf said that since the sum of money involved was only N26 million, he believed that there were other options of settlement.

Besides, Raji said he was new on the case and would need some time to go over the facts of the case to enable him defend his client effectively. “My Lord, I am just coming into the case and so I crave your indulgence to enable me familiarize myself with the case. “Secondly, looking at the facts of the case and the money involved, I believe that there are other options we can explore. “The case involves the sum of N26 million and the law allows you to explore the option of plea bargain and so many other options rather than go through trial,” Raji said. He said that if the Economic and Financial Crimes Commission, EFCC, was amenable to plea bargain, the defence would take the option.

Johnson Ojogbane, prosecuting counsel, did not oppose the application. Rather, Ojogbane, asked the court to take cognisance of the fact this was the second adjournment at the instance of the defence and asked for a definite date to commence trial. The judge, Justice John Tsoho adjourned the matter till March 14 for commencement of trial. Fani-Kayode was arraigned by the EFCC before Justice Tsoho on a fresh five-count charge bordering on money laundering. The former Aviation minister was accused of allegedly collecting N26 million from the office of Dasuki Sambo, a retired colonel and former national security adviser, and using same for media campaign.

Count two of the charge read that: “You Femi Fani-Kayode, converted N26 million cash paid from the office of the National Security Adviser for the purpose of media campaign when you ought to have reasonably known that the said funds formed part of an unlawful act contrary to section 15 (2) (b) of the Money Laundering Act.” Following the argument of his bail application by Ifedayo Adedipe, SAN, the counsel who represented him on the day, he was admitted to bail in the sum of N50 million and one surety in like sum.

Fani-Kayode is facing another 17 -count charge of money laundering before the Lagos division of the court.

—  Feb 6, 2017 @ 18:12 GMT

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