N840m Campaign Fund: EFCC Grants Femi Fani Kayode Administrative Bail

The Director, Media and Publicity of the Peoples Democratic Party Presidential Campaign Organization, PDPPCO, Femi Fani-Kayode, has been granted administrative bail by the Economic and Financial Crimes Commission (EFCC).

He got bail following his questioning on Monday over the N2.5billion illegally withdrawn from the Central Bank of Nigeria (CBN) and paid into the accounts of six chieftains of the Peoples Democratic Party (PDP) and the Goodluck Support Group (GSG).
Mr. Fani-Kayode got about N840 million from the slush funds allegedly used for the 2015 presidential campaign.
He denied any wrongdoing, saying the cash went into the campaign and he accounted for it all.
The former Minister of Aviation, who arrived at the EFCC headquarters in Abuja at about 9.30am in company of some aides, was taken into custody for questioning at the Operation Unit in the Tunde Idiagbon wing of the commission.
A source, who spoke in confidence, said Fani-Kayode gave information on his antecedents and how he came about the N840million.
“After the preliminary interaction with the suspect, he was given an administrative bail. But he is yet to fulfill the required conditions”, said the source.
Responding to a question, the source added: “I think Fani-Kayode might be transferred subsequently to Lagos to join his colleagues who have been interrogated by our team.
“He was granted an administrative bail but he has not been able to meet the conditions. We are hopeful that he will get the required sureties”.
A breakdown of the N2.5 billion shows that Fani-Kayode got N840million; Goodluck Support Group – N320million; Achike Udenwa and Viola Onwuliri – N350million; Nenadi Usman – N140million; Olu Falae – N100m; Okey Ezenwa – N100million and Goodluck Support Group – N320 million.
Of the six people implicated in the scandal, three former public office holders have been questioned. They are Mrs Usman, a former Minister of Finance; Udenwa, a former governor, and Fani-Kayode, a former Aviation Minister.
EFCC detectives allegedly found that the N840million was paid in three tranches into Fani-Kayode’s account.
A source said: “The first tranche of payment involving N350million hit the account on February 19, 2015. Another N250milion was also paid into the account on February19, 2015 while N240million was similarly credited to the account a month later; precisely, March 19, 2015.
“The balance on this account as at 31st December, 2015 was N189, 402.72”.
Fani-Kayode’s account remains frozen by the EFCC.

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Posted: at 10-05-2016 11:56 AM (7 years ago) | Addicted Hero

Na una cup of tea... make una they do ham as una like. i knw for sure say the guy will pay that money as long as mr buhari they live.

Posted: at 10-05-2016 12:22 PM (7 years ago) | Hero

I have no trust in this corruption fight that is defective and lop sided. The 'Change' we yearned for is now a mirage.

Posted: at 10-05-2016 12:48 PM (7 years ago) | Gistmaniac

But this people them be thief's o

Posted: at 10-05-2016 01:35 PM (7 years ago) | Upcoming

Fani Kayode l know will have made the loudest noise if his hand is clean.
Everyone on his own.  N840 million for one person. ..........where is their conscience?

Posted: at 10-05-2016 03:04 PM (7 years ago) | Gistmaniac

he go run now like obanikoro

Posted: at 10-05-2016 03:53 PM (7 years ago) | Grande Master

wateva

Posted: at 10-05-2016 06:15 PM (7 years ago) | Gistmaniac

why using CBN money to campaign. Jonathan should be arrest too

Posted: at 10-05-2016 07:22 PM (7 years ago) | Gistmaniac

ok. lets wait for the trial

Posted: at 13-05-2016 11:13 AM (7 years ago) | Gistmaniac

like I care..                                                                                                   

Posted: at 17-05-2016 10:15 AM (7 years ago) | Gistmaniac