Kayode Granted Administrative Bail by EFCC

Posted by admin | 8 years ago | 2,347 times




The Director, Media and Publicity of the Peoples Democratic Party Presidential Campaign Organization, PDPPCO, Femi Fani-Kayode, has been granted administrative bail by the Economic and Financial Crimes Commission (EFCC).
The bail followed his questioning on Monday over the N2.5billion illegally withdrawn from the Central Bank of Nigeria (CBN) and paid into the accounts of six chieftains of the Peoples Democratic Party (PDP) and the Goodluck Support Group (GSG).

Mr. Fani-Kayode got about N840 million from the slush funds allegedly used for the 2015 presidential campaign.
He denied any wrongdoing, saying the cash went into the campaign and he accounted for it all.
The former Minister of Aviation, who arrived at the EFCC headquarters in Abuja at about 9.30am in company of some aides, was taken into custody for questioning at the Operation Unit in the Tunde Idiagbon wing of the commission.

Reports reveal Fani-Kayode gave information on his antecedents and how he came about the N840million.
Though Kayode was granted an administrative bail, he was said not to be able to meet the conditions. 
A breakdown of the N2.5 billion shows that Fani-Kayode got N840million; Goodluck Support Group – N320million; Achike Udenwa and Viola Onwuliri – N350million; Nenadi Usman – N140million; Olu Falae – N100m; Okey Ezenwa – N100million and Goodluck Support Group – N320 million.

Of the six people implicated in the scandal, three former public office holders have been questioned. They are Mrs Usman, a former Minister of Finance; Udenwa, a former governor, and Fani-Kayode, a former Aviation Minister.
EFCC detectives allegedly found that the N840million was paid in three tranches into Fani-Kayode’s account.
A source said: “The first tranche of payment involving N350million hit the account on February 19, 2015. Another N250milion was also paid into the account on February19, 2015 while N240million was similarly credited to the account a month later; precisely, March 19, 2015.

“The balance on this account as at 31st December, 2015 was N189, 402.72”.
Fani-Kayode’s account remains frozen by the EFCC.


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