Wednesday 11 May 2016

EFCC Secures Remand Warrant To Detain Fani-Kayode

The Economic and Financial Crimes Commission has secured a remand warrant to further detain the Spokesman for the Goodluck Jonathan Campaign Organisation, Femi Fani-Kayode, who was detained on Monday over the receipt of public funds to the tune of N840 million out of the N4 billion payout for the presidential election last year.
The remand warrant will enable the anti-graft agency to keep the former minister beyond the stipulated time allowed by law. The move, according to EFCC, is to enable the operatives to conduct proper investigation into how he got the money, what it was used for and who the beneficiaries are.
The former minister confessed to receiving, was said to have emanated from the account of the Central Bank of Nigeria. The commission had recently frozen the ex-minister’s Zenith Bank account with number 1004735721 domiciled at Maitama, Abuja.
The remand warrant is newable after  14 days.

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