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Fani-Kayode pleads not guilty to money laundering charge


Former Aviation Minister, Mr. Femi Fani-Kayode, Thursday, pleaded not guilty to a 40-count money-laundering charge, following his re-arraignment before a Federal High Court sitting in Lagos.

He was re-arraigned by Economic and Financial Crimes Commission, EFCC.

His arraignment was sequel to an amended 40-count charge filed by the prosecution on January 24, on the alleged offence.

After his plea, his counsel prayed the court to allow the accused continue with the terms of bail earlier granted by the court.

The prosecution, did not object to the application for bail.

Trial judge, Justice Rita Ofili-Ajumogobia in a rulling, granted the prayers of defence counsel.

The court held that the accused being a senior member of the bar, and a traditional title holder, who had always been available in court at all times in his trial, was allowed to continue on the earlier bail granted and adjourned the case till March 10 for trial.

Fani-Kayode was first arraigned in December 2008 before Justice Ramat Mohammed on a 47-count charge.

He  pleaded not guilty to the charge and Justice Mohammed granted him bail in the sum of N200 million with two sureties in like sum.

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