Femi Fani Kayode at Lagos Magistrate Court, to be Kept in Custody by EFCC for 3 Weeks

Yesterday, the Economic Financial Crimes Commission, EFCC arraigned former Minister of Aviation and ex-PDP Presidential Campaign Spokesman, Femi Fani-Kayode in Magistrate Court in Ikeja, Lagos where they have secured an order of remand to detain him in their custody for another 21 days.

According to the Press statement released by the EFCC, the former Minister is accused of fraudulently converting the sum of eight hundred and forty million naira (N840, 000,000. 00) transferred from Ministry of External Affairs to the account of Jointrust Dimensions Nigeria Limited. The company’s account where the said money was to have been transferred to is quoted as 1010740698 of Zenith Bank Plc.
In addition, the statement reveals that Kayode is suspected to have had a conspiracy with PDP Campaign leader, Nenadi Esther Usman, former Nigeria’s Finance Minister abd Jointrust Dimensions to carry out the scandalous crime by falsely converting the sum total of N1,500, 000, 000. 00 for their personal use and others’ use too.
However, the order of remand was in accordance with section 264(1) of the Lagos State, 2011 Administration of Criminal Justice Law which states that “Any person arrested for any offence triable on information shall within a reasonable time of arrest be brought before a Magistrate for remand and the Magistrate shall have powers to remand such a person after examining the reasons for the arrests exhibited in the request form filed by the police, and if satisfied that there is probable cause to remand such person pending legal of the Director of Public Prosecutions or the arraignment of such person before the appropriate court or tribunal”.