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How N1.5billion Was Transferred From Nigerian Authorities-owned Financial institution Account To Fani-Kayode – EFCC

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How N1.5billion Was Transferred From Nigerian Authorities-owned Financial institution Account To Fani-Kayode – EFCC

Shehu Shuaibu, an investigating officer of the Financial and Monetary Crimes Fee, has narrated how the sum of N1.5billion was fraudulently transferred from the Ministry of Exterior Affairs account to Joint Belief Dimension Nigeria Restricted account allegedly belonging to former Aviation Minister, Femi Fani-Kayode, based on SaharaReporters.

In 2016, the anti-graft company arraigned Fani-Kayode, a member of former President Goodluck Jonathan’s presidential marketing campaign crew, alongside Nenadi Usman, a former Minister of State for Finance, on a 17-count cost bordering on alleged cash laundering and diversion of N4.9billion.

Led in proof by the EFCC prosecutor, Rotimi Oyedepo because the trial continued on Friday, the witness acknowledged that his crew from the Particular Process Pressure of the Financial and Monetary Crimes Fee was assigned to analyze a petition which alleged that the whole sum of N1.5billion was fraudulently transferred from Ministry of Exterior Affairs account to Joint Belief Dimension Nigeria Restricted account No 1010740698 with Zenith Financial institution.

He mentioned, “We commenced investigation instantly and wrote a letter of investigation actions to Zenith Financial institution requesting for an announcement of account of Joint Belief and all of the transactions within the account.

“We acquired the response and analysed them. Our findings revealed that on January 8, 13, and 16 ,2015, the sum of N300million, N400million, and N800million respectively have been transferred from Ministry of Exterior Affairs analysis challenge account, and Ministry of Exterior Affairs analysis capital account respectively into Joint Belief Dimension Nigeria Restricted account.”

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The witness additional mentioned that these monies have been moved into Fani-Kayode ‘s (second defendant) firm account, Joint Belief Dimension Nigeria Restricted with Zenith Financial institution.

He acknowledged that between February 20 to the top of March 2015, the second defendant withdrew N200million money, and between Match 20 and 25, he withdrew one other sum of over N250million.

Based on the witness, on February 12 one Olubode (now at giant) made a money cost of the sum of N24million to an organization, Paste Poster at No 125 Lewis Avenue, Lagos, and in addition on February 12, made a further money cost of the sum of N60million to the identical firm.

Justice Osiagor adjourned additional listening to on the matter till March 25.


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