The former Minister of Aviation, Femi Fani-Kayode, N5.9bn fraud trial scheduled to continue on Thursday 23rd before the Federal High Court in Lagos was stalled due to the absence of one of the defence counsel, Clement Onwuenwuenor.
The former Minister is being tried alongside a former Minister of State for Finance, Nenadi Usman; Danjuma Yusuf, and a firm, Joint Trust Dimensions Limited. Onwuenwuenor, who is a lawyer to Yusuf and Joint Trust Dimensions Limited, wrote to the court for an adjournment.
He said he was before the Court of Appeal in Lagos in respect of three criminal cases. As a result, Justice Rilwan Aikawa adjourned the case till February 24th and 25th.
The defendants are facing 17 counts bordering on conspiracy, unlawful retention of proceeds of theft and money laundering.
Kayode was accused of conspiring with the others to directly and indirectly retain various sums which the Economic and Financial Crimes Commission claimed they ought to have reasonably known were proceeds of crime.
In one of the counts, the defendants were accused of conspiring among themselves to “indirectly retain the sum of N1,500, 000,000.00 which sum you reasonably ought to have known forms part of the proceeds of an unlawful act to wit: stealing.”
The four were also accused of indirectly retaining N300m, N400m and N800m, all proceeds of corruption, according to the EFCC.
Fani-Kayode was accused of directly using parts of the money at various times, including a N250,650,000.00, which he allegedly used between March 20 and 25, 2015.
He was also accused of making a cash transaction of N24m with one Olubode Oke, said to still be at large, on 12th February, 2015 “to Paste Poster Co of 125, Lewis Street, Lagos Island.”
The two were said to have made the transaction without going through any financial institution, an act the EFCC claimed was contrary to sections 1(a) and 16(d) of the Money Laundering (Prohibition) (Amendment) Act, 2012, and punishable under Section 16(2)(b) of the same Act. The defendants pleaded not guilty.