The embattled spokesman of former President Goodluck Jonathan’s
campaign organisation, Chief Femi Fani-Kayode, has been granted bail
this Thursday morning in the sum of N50m, and one surety in like sum by
Justice James Tsoho, of the federal high court, sitting in Abuja.
Before his arraignment on Thursday, he has been in the custody of
the EFCC for 21 days after he was arrested in Lagos and transported to
Abuja.
According to TheCable News, in his ruling on Thursday, Tsoho held
that the offence Fani-Kayode was alleged to have committed was a
bailable one, and therefore, granted the defendant bail as requested by
Afedayo Adedipe (SAN), his counsel.
However, he ruled that Fani-Kayode be remanded in prison until he perfected his bail condition.
Recall that the Economic and Financial Crimes Commission (EFCC) is
prosecuting Fani-Kayode on five-counts of money laundering to the tune
of N26m.
The anti-graft agency is also prosecuting him on 17-counts of money
laundering to the tune of N4.9bn at the Lagos division of the federal
high court.
The judge fixed December 14, for the commencement of trial.
