Skip to content
September 6, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • N4.6 alleged fraud: Fani-Kayode ill, absent in court, case adjourned
  • National News

N4.6 alleged fraud: Fani-Kayode ill, absent in court, case adjourned

Admin January 31, 2018

Mr Norrison Quakers (SAN), counsel to former aviation minister, Femi Fani-Kayode, on Wednesday told a Federal High Court in Lagos that his client was ill and unable to be in court for the day’s proceedings.

Fani-Kayode, who was also the Director of Publicity of ex-President Goodluck Jonathan’s 2015 Presidential Campaign Organisation, is facing a N4.6 billion fraud charge at the court.

He is charged alongside a former Minister of State for Finance, Sen. Nenadi Usman ; a former National Chairman of the Association of Local Government of Nigeria (ALGON), Yusuf Danjuma, and a company, Jointrust Dimensions Nigeria Ltd.

The Economic and Financial Crimes Commission (EFCC) preferred a 17-count charge of laundering about N4.6 billion against the accused.

They had each pleaded not guilty.

Quakers, on Wednesday, promised to furnish the court with a medical report to back Fani-Kayode’s claim of ill health, and urged the court to grant an adjournment in his favour.

The request for adjournment was not opposed by the prosecutor, Mr Rotimi Oyedepo.

He, however, urged the court to observe the provision of Section 396(4) of the Administration of Criminal Justice Act 2015, which stipulates that no party, in a criminal case, could have more than five adjournments.

Oyedepo noted that already, the case had been adjourned twice at the instance of the accused.

After listening to counsel, Justice Mohammed Aikawa adjourned the case until Feb. 28, March 1 and March 2, for continuation of trial.

The EFCC had arraigned the accused on charges bordering on conspiracy, unlawful retention of proceeds of theft and money laundering.

They were alleged to have committed the offences between January and March 2015.

In counts one to seven, they were alleged to have unlawfully retained over N3.8 billion which they reasonably ought to have known formed part of the proceeds of an unlawful act of stealing and corruption.

In counts eight to 14, the accused were alleged to have unlawfully used over N970 million which they reasonably ought to have known formed part of an unlawful act of corruption.

Meanwhile, in counts 15 to17 Fani-Kayode and one Olubode Oke, who is said to be at large, were alleged to have made cash payments of about N30 million, in excess of the amount allowed by law, without going through a financial institution.

Besides, Fani-Kayode was alleged to have made payments to one Paste Poster Co (PPC) of No 125 Lewis St., Lagos, in excess of amounts allowed by law.

All offences contravened the provisions of Sections 15 (3) (4), 16 (2) (b), and 16 (5) of the Money Laundering (prohibition) (Amendment) Act, 2012. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Economic and Financial Crimes Commission (EFCC) femi fani-kayode Mr Norrison Quakers (SAN) Mr Rotimi Oyedepo National Chairman of the Association of Local Government of Nigeria (ALGON) Sen. Nenadi Usman Yusuf Danjuma

Post navigation

Previous Substandard drug: FG to shut down open drugs market – Minister
Next FIRS rakes in N4.03 trn in 2017, targets higher revenue this year

Related Stories

Troops ​‌‌‌⁠‍‍⁠⁠‌‍‌⁠​‍‍⁠⁠‌​rescue 36 abductees, neutralise terrorists kingpins in 1 week – DHQ onyeuko
  • National News

Troops ​‌‌‌⁠‍‍⁠⁠‌‍‌⁠​‍‍⁠⁠‌​rescue 36 abductees, neutralise terrorists kingpins in 1 week – DHQ

September 5, 2026
JAMB releases underaged UTME results, clarifies admission conditions jamb spokesman
  • National News

JAMB releases underaged UTME results, clarifies admission conditions

September 5, 2026
FAAN Denies Role in Uber’s Nigeria Exit, Cites Driver Safety and Oversight Issues Airport
  • National News

FAAN Denies Role in Uber’s Nigeria Exit, Cites Driver Safety and Oversight Issues

September 4, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

LAWMA disengages sweepers, service provider over alleged illegal waste dumping managing director
  • Metro News

LAWMA disengages sweepers, service provider over alleged illegal waste dumping

September 5, 2026
Troops ​‌‌‌⁠‍‍⁠⁠‌‍‌⁠​‍‍⁠⁠‌​rescue 36 abductees, neutralise terrorists kingpins in 1 week – DHQ onyeuko
  • National News

Troops ​‌‌‌⁠‍‍⁠⁠‌‍‌⁠​‍‍⁠⁠‌​rescue 36 abductees, neutralise terrorists kingpins in 1 week – DHQ

September 5, 2026
Police arrest 3 suspects over N23m vehicle, UK student visa scam Police
  • Perspectives

Police arrest 3 suspects over N23m vehicle, UK student visa scam

September 5, 2026
JAMB releases underaged UTME results, clarifies admission conditions jamb spokesman
  • National News

JAMB releases underaged UTME results, clarifies admission conditions

September 5, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.