– EFCC says it is set to arraign Femi Fani-Kayode, ex-
Minister of Finance over an alleged N1.5bn fraud
– Fani-Kayode was said to have received the funds in
– The first payment of N350m hit the account on
February 19, 2015 with another N250m paid into the
account on February 19, 2015, while N240m was
credited to the account on March 19, 2015
Former Minister of Aviation, Chief Femi Fani-Kayode
After over a month in the detention of Economic and
Financial Crimes Commission (EFCC), the commission is set
to former Minister of Aviation, Chief Femi Fani-Kayode for
an alleged N1.5bn fraud.
To be charged alongside Fani-Kayode is a former Minister
of Finance, Senator Nenadi Usman; a firm, Joint Trust
Dimensions Limited; and one Jimoh Yusuf.
According to a report by Punch, Fani-Kayode, Usman and
Yusuf would be charged with 17 counts bordering on
money laundering and fraud.
“We have filed charges against Fani-Kayode, Usman, Yusuf
and a company, Joint Trust Dimensions Limited. Yusuf was
the signatory to the account of Joint Trust Dimensions
Limited. They will be arraigned before a Federal High Court
in Lagos this week,” the source said.
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Recall that EFCC had arrested Fani-Kayode and Usman for
their role in the sharing of a N4bn PDP presidential
campaign fund which was said to have emanated from the
account of the Office of the National Security Adviser
domiciled in the Central Bank of Nigeria.
The money was said to have been transferred to the
account of JTDL and then distributed to some chieftains of
the Peoples Democratic Party.
Usman, who was the director of finance of the Goodluck
Jonathan Campaign Organisation, was alleged to have
transferred N840m into the Zenith Bank account of Fani-
Kayode with account number 1004735721, domiciled in
Fani-Kayode was said to have received the funds in three
The first payment of N350m hit the account on February 19,
2015 with another N250m paid into the account on
February 19, 2015, while N240m was credited to the
account on March 19, 2015.
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The report also said apart from Fani-Kayode, others, who
also received the funds, were the Chairman of the Social
Democratic Party, Chief Olu Falae (N100m); a former
Governor of Imo State, Achike Udenwa; while a former
Minister of State for Foreign Affairs, Viola Onwuliri, also got
N350m in two tranches while Nenadi Usman took N36.9m.
A coalition of pro-Jonathan groups, headed by a former
Special Adviser to the President on Political matters, Prof.
Rufai Alkali, also received N320m.
The accounts of those accused of receiving funds have since
been frozen by the EFCC.
Usman has returned about N23m to the EFCC while two of
her properties in Abuja have been seized by the anti-graft