Friday, 15 July 2016

FANI-KAYODE IS RELEASED

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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