Nigeria: N4.9 Billion Fraud - Nenadi Usman, Fani-Kayode Remanded in Prison Custody

29 June 2016

Former Minister of Aviation and also a Director of Media and Publicity in the campaign organisation of former President Goodluck Jonathan, Femi Fani-Kayode, alongside former Minister of Finance, Nenandi Usman, were, yesterday, arraigned before a Federal High Court in Lagos, on a 17-count charge of money laundering to the tune of about N4.9 billion. Also charged were Danjuma Yusuf and a company, Joint Trust Dimension Nig. Ltd.

They all pleaded not guilty to the 17-count charge of unlawful retention, unlawful use and payment of money to the tune of about N4.9 billion brought against them by the Economic and Financial Crimes Commission, EFCC. After the charge was read to them and their plea taken, the prosecutor, Mr Rotimi Oyedepo, prayed the court for a trial date, adding that he was prepared to proceed with trial.

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