N4.9bn fraud: Fani-Kay­ode, Us­man get N250m bail

Daily Trust - - NEWS - From Ya­haya Ibrahim, La­gos

AFed­eral High Court in La­gos yes­ter­day granted bail in the sum of N250 mil­lion each to For­mer min­is­ters, Femi Fani Kay­ode and Ne­nadi Us­man.

The for­mer Aviation and Finance min­is­ters re­spec­tively were last week Tues­day re­manded in prison by Jus­tice Sule Has­san after their ar­raign­ment on a 17-count charge bor­der­ing on un­law­ful re­ten­tion, use and pay­ment of money to the tune of N4.9 bil­lion.

While Fani-Kay­ode who was the spokesman of the Good­luck Jonathan Pres­i­den­tial cam­paign in 2015 was docked on all the 17 counts, Us­man who was the Direc­tor of Finance of the cam­paign was ar­raigned on the first four counts of the charge.

Also docked along­side the for­mer min­is­ters are one Dan­juma Yusuf and a com­pany, Joint Trust Di­men­sions Nige­ria Lim­ited.

Dur­ing their court ap­pear­ance last Fri­day, the de­fen­dants’ coun­sels had ar­gued their bail ap­pli­ca­tions which were op­posed by the EFCC pros­e­cu­tion.

In the bail ap­pli­ca­tions ar­gued by Fer­di­nand Odi (SAN) for Us­man, Ife­dayo Adedipe for Fani-Kay­ode, they had prayed the court to grant their clients bail on self-recog­ni­tion or on lib­eral term. Odi (SAN) sub­mit­ted that his client was abroad when she learnt that EFCC wanted to see her and she re­turned on her own.

He said Us­man was re­ceiv­ing treat­ment abroad and needed the bail to go back.

Adedipe had in his own ar­gu­ment sub­mit­ted that his client, Fani-Kay­ode was in the cus­tody of the pros­e­cu­tion for 50 days, and prayed the court to grant him bail with­out let­ting the EFCC be the ver­i­fi­able body.

But EFCC’s pros­e­cu­tor, Mark Anana, op­posed the bail ap­pli­ca­tions, ar­gu­ing that the accused per­sons would in­flu­ence the course of jus­tice.

While rul­ing on the bail ap­pli­ca­tions, the pre­sid­ing judge, Jus­tice Has­san, held that there was no ev­i­dence that the accused per­sons would in­ter­fere with the trial if granted bail, and ad­mit­ted the first, sec­ond, and third accused to bail in the sum of N250 mil­lion with two sureties each in like sum.

He fixed the mat­ter for Oc­to­ber 19, 20, and 21 for trial.

Photo: Ke­hinde Akinyemi

For­mer Pres­i­dent, Chief Oluse­gun Obasanjo (third from right) con­grat­u­lat­ing the new Pres­i­dent of the ECOWAS Com­mis­sion, Mar­cel de-Souza dur­ing his visit to Abeokuta yes­ter­day. He was joined by other mem­bers of the team.

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