FANI-KAYODE
IS NOW BAILED
Fani-Kayode was released in
Lagos, two months after his arrest, detention and arraignment by the Economic
and Financial Crimes Commission. A former Minister of Aviation, Mr. Femi
Fani-Kayode, has been released from detention after meeting his bail
conditions.
He was arraigned along with the
ex-Minister of Finance, Nenadi Usman, and Danjuma Yusuf, on June 28, 2016
before Justice Hassan on 17 counts of conspiracy, unlawful retention of
proceeds of theft and money laundering. He was, however, granted bail in the
sum of N250m on July 4. As part of his bail, he was ordered to deposit his
passport in the custody of the court pending the outcome of the case.
The
former minister, was the spokesman for the Goodluck Jonathan Campaign
Organisation, he was arrested on May 9, 2016 for allegedly receiving N840m during
the build-up to the 2015 presidential election.
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