The Economic and Financial Crimes Commission (EFCC) yesterday re-arraigned a former Aviation Minister Femi Fani-Kayode at a Federal High Court in Lagos on an amended 17-count charge of alleged laundering of N4.6 billion.
Fani-Kayode is standing trial alongside a former Minister of State for Finance, Nenandi Usman; a former Chairman of the Association of Local Governments of Nigeria (ALGON), Yusuf Danjuma, and a firm, Jointrust Dimensions Nigeria Limited.
The defendants were formerly on trial for the alleged charges before the former trial judge, Justice Mohammed Aikawa.
They pleaded not guilty and were granted bail, following which trial began.
But proceedings were stalled when the Justice Aikawa was transferred out of the Lagos Division.
The case was consequently assigned to a new judge, Justice Daniel Osaigor, and proceedings started de novo (anew).
In a bench ruling, the court granted Orbih’s application and adjourned the case till March 11 for trial.
In the charge, the defendants were alleged to have committed the offences between January and March 2015 in Lagos.
They were alleged to have, at various times, unlawfully retained over N4.6 billion, which, according to the EFCC, they reasonably ought to have known formed part of the proceeds of unlawful acts of stealing and corruption.
In counts 15 to 17, Fani-Kayode and Olubode Oke, who is said to be on the run, were alleged to have made cash payments of about N30 million to Paste Poster Co (PPC) of house number 125 Lewis Street, Lagos.