Alleged money laundering : Fani-Kayode granted N50m bail

Image result for femi fani kayode efccFormer aviation minister, Femi Fani-Kayode has been granted bail of N50m and one surety in like sum.

In his ruling on Thursday, Justice John Tsoho held that Fani-Kayode be remanded in prison until he perfected his bail condition.

The surety must be resident in Abuja with landed property in the Federal Capital Territory. Fani-Kayode is also to drop his international passport and other travel documents.

The Economic and Financial Crimes Commission is prosecuting Fani-Kayode on afive-counts of money laundering to the tune of N26m.

The trial will commence on December the 14th.

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