News

Alleged N4.6Bn Fraud: Court Awards N200,000 Fine Against Fani-Kayode

Femi Ashekun/

Justice Daniel Osiagor of the Federal High Court sitting in Ikoyi, Lagos, today, awarded N200,000 fine against a former Aviation Minister, Femi Fani-Kayode, for his absence in court to take his plea in an alleged N4.6 billion fraud.

Fani-Kayode, also the Chairman of the 2015 Goodluck Jonathan Presidential Campaign Organisation, is standing trial alongside Nenadi Usman, a former Minister of Finance; Danjuma Yusuf, a former National Chairman of the Association of Local Government of Nigeria, (ALGON) and a limited liability company, Jointrust Dimentions Nigeria Limited.

The trial of the defendants had first commenced in 2016 before Justice Muslim S.Hassan.

However, midway into the trial, Justice Hassan was elevated to the Court of Appeal causing the case file to be transferred to Justice Rilwan Aikawa.

While the matter was pending before Justice Aikawa, the defendants’ pleas were taken.

Also, midway to the defendants’ trial,

Along the line, Justice Aikawa too was transferred to another jurisdiction of the court, causing the case file to be again transferred to the current judge for the matter to start afresh.

At today’s sitting, the prosecution counsel, Bilikisu Buhari, told the court that the matter was to start afresh.

However, Fani-kayode, who is the second defendant, was not in court to take his plea.

Buhari, therefore, urged the court to revoke his bail.

In his response, Fani-kayode’s lawyer, F. B. Ajudua, pleaded with the court not to revoke his client’ bail.

According to him, “a letter had been written on his behalf to the effect that he is currently on bed rest at Kubwa General Hospital, Abuja”.

He further told the court that Fani-Kayode had been attending his trial since the matter commenced in 2016 and was only absent today.

He, therefore, prayed the court not to revoke Fani-Kayode’s bail, while also asking for a short adjournment.

The judge, after going through the court’s records, discovered that Fani-kayode had been absent from court five times.

His absence, according to the judge, had “stalled the smooth hearing of the charge”.

He, therefore, held that he would either revoke Fani-Kayode’s bail or fine him N200,000.

Ajudua opted for the option of fine.

Consequently, the judge ordered Fani-Kayode to pay a fine of N200,000, which must be paid before the next adjourned date.

The matter was adjourned till November 30, 2021 for the re-arraignment of the defendants.

0
Editor

Recent Posts

Are The Grammys Relevant Outside the United States?

Building Credibility For nearly eight decades, the Grammy Awards have stood as the pinnacle of…

13 hours ago

Disputed 5.3bn Shares: Court Adjourns Barbican/FBN Holdings Suit as Ecobank’s Recusal Motion Remains Pending

Justice Ayokunle Faji has adjourned further proceedings in the suit filed by Barbican Capital Limited…

2 days ago

Los Angeles Protects Undocumented Immigrants from Trump’s Deportation Plans with Sanctuary Ordinance

Segun Atanda/ The Los Angeles City Council has approved a sweeping "sanctuary city" ordinance designed…

2 days ago

Trump Could Face Prison After Second Term, Prosecutors Say

Segun Atanda/ New York prosecutors have opposed dismissing President-elect Donald Trump’s conviction for falsifying business…

2 days ago

MC Oluomo Flouts Court Order, Assumes Office as NURTW President

Femi Ashekun/ In a bold and controversial move, Musiliu ‘MC Oluomo’ Akinsanya, has defied a…

2 days ago

Tinubu Sacks Nnamdi Azikiwe University VC, Registrar … Dissolves Council

Matilda Omonaiye/ President Bola Ahmed Tinubu has dissolved the Governing Council of Nnamdi Azikiwe University,…

2 days ago