FFK case over alleged money laundering is closed: EFCC:

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,  Vanguardngr 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. Continue…

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.