EFCC Releases Fani-Kayode On Bail

Justice James Tsoho-led Federal High Court, Abuja on Thursday granted Femi Fani-Kayode, spokesman of former President Goodluck Jonathan’s campaign organisation, bail in the sum of N50m, and one surety in like sum.


According to Tsoho, the offence Fani-Kayode comitted was a bailable one.

He, therefore, granted the defendant bail as requested by Afedayo Adedipe (SAN), his counsel.

However, he ruled that Fani-Kayode be remanded in prison until he perfected his bail condition.

The Economic and Financial Crimes Commission (EFCC) is prosecuting Fani-Kayode on five-counts of money laundering to the tune of N26m.

The anti-graft agency is also prosecuting him on 17-counts of money laundering ‎to the tune of N4.9bn at the Lagos division of the federal high court.

Before his arraignment on Thursday, he has been in the custody of the EFCC for 21 days after he was arrested‎ in Lagos and transported to Abuja.

The judge fixed December 14, for the commencement of trial.