Posts

Showing posts with the label Court Bail

Money Laundering: Court Grants Fani-Kayode, Two Others Bail

Image
Fani Kayode With Wife The Federal High Court in Ikoyi, Lagos has ruled that Femi Fani-Kayode, the spokesman for the Goodluck Jonathan campaign in 2015, and  Nenadi Usman, Former Finance Minister; and Danjuma Yusuf, be released on bail provided they meet the bail conditions. The case was adjourned to the 21st of October, 2016. Justice Muslim Sule Hassan gave the ruling on Monday, July 4th, 2016, stating that the three applicants must deposit a sum of N250million each with two sureties in like sum.  The sureties must be a landed property owner within the jurisdiction of the court. The properties must be submitted to the Economic and Financial Crimes Commission (EFCC) for verification. Also, the applicants must submit their international passports to the Court Registrar. In the event that EFCC failed to verify within 7 days, the court registrar will do the verification. The court ruled in favor of the applicants stating that there was no evidence that the