#1.5b Fraud; Femi Fani Kayode’s Roadmap to Prison

 Source told SECURITY MONITOR that the anti graft agency has filed charges against Fani-Kayode, Usman, Yusuf and a company, Joint Trust Dimensions Limited. Yusuf was the signatory to the account of Joint Trust Dimensions Limited. They will be arraigned before a Federal High Court in Lagos this week.

Fani-Kayode and Usman had been arrested for their role in the sharing of a N4bn campaign fund during the build-up to the 2015 presidential election.

The money was said to have emanated from the account of the Office of the National Security Adviser domiciled in the Central Bank of Nigeria.

The money was allegedly transferred to the account of JTDL and then distributed to some chieftains of the Peoples Democratic Party.

Usman, who was the Director of Finance of the Goodluck Jonathan Campaign Organisation, was alleged to have transferred N840m into the bank account of Fani-Kayode. Fani-Kayode allegedly received the funds in three tranches.

The first tranche of the payment, involving N350m, hit the account on February 19, 2015. Another N250m was also paid into the account on February 19, 2015, while N240m was credited to the account a month later; precisely on March 19, 2015.

Apart from Fani-Kayode, others, who also received the funds, were the Chairman of the Social Democratic Party, Chief Olu Falae (N100m); a former Governor of Imo State, Achike Udenwa; while a former Minister of State for Foreign Affairs, Viola Onwuliri, also got N350m in two tranches while Nenadi Usman took N36.9m.

A coalition of pro-Jonathan groups, headed by a former Special Adviser to the President on Political matters, Prof. Rufai Alkali, also received N320m.

The accounts of those accused of receiving the funds had since been frozen by the EFCC.

Usman has returned about N23m to the EFCC while two of her properties in Abuja have been seized by the anti-graft agency.

But Fani Kayode on his own part has consistently maintained that the money he received was meant for his committee and that he had since spent the money according to the dictates of the task giving to him. He argued that since he’s not a public office holder during the last dispensation there was no way he could have known where the money was coming from as so the possibility of returning money to the government covers may never arises.

Could Ile Ife, Osun State born politician prefers jail term than returning the alleged loots, time will tell as SECURITY MONITOR keeps you updated

STORY WRIITEEN BY OLAWALE ABIDEEN