Former Minister of Aviation, Femi Fani-Kayode has been
discharged and acquitted of the money laundering charges
by a Federal High Court in Lagos.
Recalled that Fani-Kayode, whose trial began in 2008 before
Justice Ramat Mohammed, was arraigned by the EFCC to
have laundered about N100 million while he was the
Minister of Culture and Tourism and subsequently, Aviation
Minister. The allegedly laundered sum was, however,
reduced to N2.1million on Nov. 17, 2014 after Ofili-
Ajumogobia dismissed 38 out of the 40-count levelled
against Fani-Kayode for want of proof.
The EFCC prosecutor, Keyamo, while urging the court to
uphold the remaining two counts and to accordingly convict
Fani-Kayode, said the former minister had failed to
exonerate himself of the allegations. Keyamo pointed out
that the object of the charge was that Fani-Kayode
transacted in cash sums above N500,000, which was the
threshold stipulated by the Money Laundering (Prohibition)
Act.
Keyamo had argued that Fani-Kayode had admitted making
such transactions in his confessional statement of Dec. 22,
2008 made to the EFCC. He said: “In this statement, he
admitted that he transacted in cash above N500,000. My
Lord, this statement went in without objection by the
accused person and the statement was voluntary.
“With the combination of this confessional statement and
the statement of the IPO that investigated the allegation, we
rely on all of this to submit that we have discharged our
burden that monies were received by the accused person in
cash and were not done through any financial institution.”

http://www.vanguardngr.com/2015/07/alleged-money-laundering-fani-kayode-discharged-and-acquitted/

stale

CHANGE has arrived Alleluyia dey.. fripa pa pa pai

Expect cramf...ingjones.....to start acting up again.......FFK will soon flood this board with his usual rubbish pretending not to be cramjones....