Former aviation minister, Femi Fani-Kayode, who has been in the Economic and Financial Crimes Commission (EFCC) custody for 63 days over allegation of money laundering amounting to N4.9 billion between January and March 2015 has announced on Monday that he has met his bail conditions.
He alongside Nenadi Usman, former finance minister; Danjuma Yusuf; and a company, Joint Trust Dimension Nig. Ltd. are facing a 17 count charge that borders on unlawful retention, use, and payment of money to the tune of about N4.9 billion.
They have been in prison since their arraignment by the EFCC on June 28, 2016 before Justice Hassan at the Ikoyi Federal High Court, during which EFCC opposed bail application by the defendants on the grounds that they might unduly influence the case against them by intimidating witnesses, tampering with evidence, and hindering the investigation.
However, on July 4 the defendants were granted bail of N250 million each and two sureties each in the like sum by Justice Hassan. Justice Hassan in his ruling said the sureties must show evidence of land ownership in Lagos and submit their international passport.
Femi Fani-Kayode, who was arrested on May 9, 2016, in Abuja, speaking through his media adviser, Jude Ndukwe, said, “Kindly be notified that Femi Fani-Kayode has met all the conditions for his bail and the relevant documents have been duly filed and submitted at the Federal High Court in Lagos.
“We are now waiting for the EFCC to verify the documents after which he would be released”.
– Olalekan Olonilua for encomiu.ng