EFCC closes case in trial of FFK over alleged money laundering

The Economic and Financial Crimes Commission EFCC has
closed its case in the trial of former Minister of Aviation and
Tourism, Femi Fani-Kayode over a 40-count amended
charge on money laundering, Vanguard reports.

At a resumed hearing of the case in a Federal High Court
sitting in Lagos, counsel to the EFCC in a letter delivered
by Mr. Vitalis Ahaotu to the presiding Judge, Justice Rita-
Ofili Ajumogobia, the EFCC notified the court of the
commission's intention to close the case against the former
Minister.

Counsel to Chief Fani-Kayode, Mr Wale Akoni did not object
to the letter of closure but however informed the court of
his intention to file a no-case submission to the charges
against his client. The judge gave Mr Akoni 21 days to file a
no case submission and adjourned the case till Oct. 28 for
adoption of final written addresses.

Femi Fani Kayode has been standing trial since December
2008 over a 47-count charge of money laundering which
was amended in March 2014 with 7 of the charges
dropped. Among the charges against him was that he
transacted business with funds exceeding N500, 000
without going through a financial institution.

He was also accused of accepting cash payments in the
tune of about N100 million during his tenure as Minister of
Aviation and Minister of Culture and Tourism, respectively.