Femi Fani Kayode Granted N250m Bail

Justice Muslim Hassan of the Federal High Court in Lagos today granted bail in the sum of N250m to Femi Fani-Kayode.

The judge also granted bail in the same sum to Mr. Fani-Kayode’s co-defendants, Nenadi Usman, former Finance Minister; and Danjuma Yusuf. Mr. Hassan also stated that each of the defendants must provide two sureties who own landed properties within the court’s jurisdiction, as well as deposit their travel passports with the court, pending the outcome of the case.

He adjourned till October 19, 20, and 21, for trial. The Economic and Financial Crimes Commission had last Tuesday arraigned Mr. Fani-Kayode former Minister Nenadi Usman alongside Danjuma Yusuf and Jointrust Dimensions Nigeria Limited before Justice Hassan on a 17-count charge bordering on conspiracy, stealing, corruption and making cash payments exceeding the amount authorized by law. The accused persons are accused of diverting about N4.9 billion belonging to the Federal Government of Nigeria for political and personal uses.
News Source:easternradio.com.ng