The trial of a former Aviation Minister, Femi Fani-Kayode yesterday recommenced at the Federal High Court Lagos with an Investigating Officer, of the Economic and Financial Crimes Commission, (EFCC), Mr. Shehu Shuaibu, narrating to the court how the sum of ₦1.5 billion was fraudulently transferred from the Ministry of External Affairs account to Joint Trust Dimension Nigeria Limited account which allegedly belonged to the former Minister.
Africa Today News, New York understands that Fani-Kayode is presently standing trial alongside a former Minister of State for Finance, Nenadi Usman, and a former Chairman of the Association of Local Governments of Nigeria (ALGON), Yusuf Danjuma, and a company, Jointrust Dimensions Nigeria Ltd over serious allegations of corruption.
Read Also: ₦19.3bn Bailout: Kogi Sues EFCC, Demands ₦35bn Damages
While being led in evidence on Friday by the EFCC prosecutor, Mr. Rotimi Oyedepo, the witness stated that his team, from the Special Task Force of the Economic and Financial Crimes Commission (EFCC), was assigned to investigate a petition which alleged that the total sum of ₦1.5 billion was fraudulently transferred from Ministry of External Affairs account to Joint Trust Dimension Nigeria Limited account No 1010740698 with Zenith Bank.
He said ‘We commenced investigation immediately and wrote a letter of investigation activities to Zenith Bank requesting for a statement of account of Joint Trust and all the transactions in the account’
‘We received the response and analysed them. Our findings revealed that on January 8, 13, and 16 ,2015, the sum of ₦300 million, ₦400 million, and ₦800 million respectively were transferred from the Ministry of Affairs research library account, Ministry of External Affairs research project account, and Ministry of External Affairs research capital account respectively into Joint Trust Dimension Nigeria Limited account.
The witness further said that these monies were moved into Femi Fani-Kayode ‘s (second defendant) company account, Joint Trust Dimension Nigeria Limited with Zenith Bank.
The witness stated that between February 20 to the end of March 2015, the second defendant withdrew N200 million cash, and between Match 20 and 25, he withdrew another sum of over ₦250million.
According to the witness, on February 12 one Olubode (now at large) made a cash payment for the sum of ₦24 million to a company, Paste Poster at No 125 Lewis Street, Lagos, and also on February 12, made an additional cash payment for the sum of ₦60 million to the same company, Paste Poster of No 125 Lewis Street Lagos Island.
Justice Osiagor went on to further adjourned further hearings in the matter till March 25.
AFRICA TODAY NEWS, NEW YORK