Breaking : Court Acquits Femi Fani-Kayode Of Money Laundering Charges

at 11:27 AM, 1/07/2015 (3 years ago)
(12632 | Hero) (f)

A Federal High Court in Lagos has discharged and acquitted a former Aviation Minister, Femi Fani-Kayode, of corruption charges.

In her judgment, the judge, Rita Ofili-Ajumogobia, said the prosecution’s case was "feeble" and failed to provide "copious evidence" linking Mr. Fani-Kayode to money laundering.

Mr. Fani-Kayode, whose trial began in 2008 before Justice Ramat Mohammed, was arraigned by the Economic and Financial Crimes Commission, EFCC, for allegedly laundering about ₦100 million while he was Minister of Culture and Tourism and subsequently, Aviation Minister.

The allegedly laundered sum was, however, reduced to ₦2.1million on November 17, 2014 after the court dismissed 38 of the 40-count charge levelled against Mr. Fani-Kayode for want of proof. The EFCC prosecutor, Festus Keyamo, while urging the court to uphold the remaining two counts and to accordingly convict Mr. Fani-Kayode, said the former minister failed to exonerate himself of the allegations.

Mr. Keyamo pointed out that the object of the charge was that Mr. Fani-Kayode transacted in cash sums above ₦500,000, which was the threshold stipulated by the Money Laundering (Prohibition) Act.

Mr. Keyamo had argued that Mr. Fani-Kayode admitted making such transactions in his confessional statement of Dec. 22, 2008 made to the EFCC.

Mr. Keyamo had argued that the prosecution had discharged its duty once it established that Mr. Fani-Kayode transacted in large sums above the Money Laundering threshold, adding that it was left for Mr. Fani-Kayode to explain the source of the money.

“Once you cannot explain the source of the large sum of money found on you, you are guilty of money laundering. If the prosecution must show where the money is coming from, then the whole essence of the money laundering law is defeated.

“It is not in all cases that the burden of proof lies on the prosecution; the burden at this point shifts to the accused person,” Mr. Keyamo argued.

But Mr. Fani-Kayode’s lawyer, Ifedayo Adedipe (SAN), in his summary argument, maintained that Mr. Fani-Kayode made no confession to the EFCC, adding that the anti-graft agency failed to show that Mr. Fani-Kayode actually accepted a cash sum of N1million as alleged.

Mr. Adedipe said the EFCC also failed to show to the court the person who handed the cash sum to the accused person.

He said for the case of the prosecution to succeed, it had to be proven beyond reasonable doubts.

Published at: 11:27 AM, 1/07/2015 (3 years ago)
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royalty2008 at 11:33 AM, 1/07/2015 (3 years ago)
(360 | Upcoming) (m)
Daniel has come to judgement
Let APC go to hell
Ritabrenice at 11:53 AM, 1/07/2015 (3 years ago)
(4565 | Gistmaniac) (f)
»̶̥Ơ̴͡k⌣̊┈̥ o
SOGaiya at 12:33 PM, 1/07/2015 (3 years ago)
(5452 | Gistmaniac) (m)
cngratulatiôn u mke a diff.
royalsam450 at 12:45 PM, 1/07/2015 (3 years ago)
(828 | Upcoming) (m)
See change
stephen153 at 01:19 PM, 1/07/2015 (3 years ago)
(30038 | Addicted Hero) (m)
That one was signed since... politics is a game..
Dreamzykayz at 01:24 PM, 1/07/2015 (3 years ago)
(76 | Newbie) (m)
Wicked world
robertedo3 at 02:37 PM, 1/07/2015 (3 years ago)
(150 | Upcoming) (m)
The rich are never guilty in nig   What a people and a nation  its quite a pity
femjay at 03:12 PM, 1/07/2015 (3 years ago)
(3361 | Gistmaniac) (m)
I am nt suprised at all .... But this arrant nonsense.
kelemann at 03:18 PM, 1/07/2015 (3 years ago)
(949 | Upcoming) (m)
Na bcos of ordinary 2.1million we dey disturb ourselves since while some people don steal over 1 trillion Naira. I beg make I go baff.
papadip at 06:40 PM, 1/07/2015 (3 years ago)
(7215 | Gistmaniac) (m)
Crime is a rewarding business in Nigeria. James Ibori was acquitted of 170+ charges.
This case should be appealed or retried.
This is nothing but miscarriage of justice.
The rumor is; the judge, Rita Ofili-Ajumogobia was his law school mate or girlfriend or both.
 I stand to be corrected
PoliticxGuru at 06:46 PM, 1/07/2015 (3 years ago)
(14253 | Hero) (m)
wasted generation
echeeche at 07:04 PM, 1/07/2015 (3 years ago)
(9422 | Hero) (m)
Good to hear oh
christian459 at 03:48 AM, 2/07/2015 (3 years ago)
(4 | Newbie) (m)
Na their way
elchymo at 06:28 PM, 15/08/2015 (3 years ago)
(22559 | Addicted Hero) (m)
It's alright. Good to hear


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