Saturday, April 23, 2016

EFCC Freezes Femi Fani-kayode’s Account


Former Aviation Minister Femi Fani-Kayode will have to live without one of his accounts for now. The account has been frozen by the Economic and Financial Crimes Commission (EFCC) as it steps up investigation into the alleged N4billion campaign bazaar cash received from ex-President Goodluck Jonathan in the build-up to the 2015 elections. 




The funds were allegedly withdrawn from the Central Bank of Nigeria(CBN) and shared to 10 other directors, directorates, zonal directors and state directors of the Presidential Campaign Organization of Jonathan. Fani-Kayode declared yesterday that he knew nothing about the withdrawal of the cash from the CBN or funding of the campaign by the former National Security Adviser, Col. Sambo Dasuki. But he admitted that campaign funds were paid into the account of a company linked with a former Minister of Finance, Mrs. Nenadi Usman, from where it was shared to him and others. He dared the EFCC to “do their worse” in a statement in Abuja entitled “The Money Transfers and the Truth about the Presidential Campaign Funds.” The beneficiaries may be arrested for questioning by the anti-graft agency. 

Details of the largesse sharing are as follows: Fani-Kayode (N840million); Goodluck Support Group (N320million); Achike Udenwa and Viola Onwuliri (N350million); Nenadi Usman (N140million); and Okey Ezenwa (N100million). Giving his own side of the story,Fani-Kayode said he received the funds from ex-President Jonathan and he is accountable only to the former leader and not the EFCC. He said the funds disbursed were not from public coffers and these were routed through a private company.

- Nation

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