Alleged N4.9bn Fraud: Court remands Femi Fani-Kayode, Nenadi Esther Usman in prison

The EFCC today June 28, 2016 arraigned Former Minister of Aviation and spokesperson of PDP presidential campaign in the 2015 Election, Femi Fani-Kayode, along with Nenadi Esther Usman, a former Minister of Finance and Director of Finance PDP Presidential Campaign Organization, Danjuma Yusuf and Jointrust Dimensions Nigeria Limited before Justice M. Suleiman Hassan of the Federal High Court Lagos, on a 17-count charge bordering on conspiracy, stealing, corruption and making cash payments exceeding the amount authorized by law.

The accused who were alleged to have illegally disbursed about N4.9 billion naira belonging to the Federal Government, pleaded not guilty to all the charges preferred against them.

The Judge, Justice M. S. Hassan, however ordered that the defendants be remanded in prison custody and adjourned the case to July 1, 2016 for hearing of bail applications.
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