EFCC Gets Order To Hold Fani-Kayode For 14 Days

The Economic and Financial Crimes Commission has obtained a remand order to keep Chief Femi Fani- Kayode in custody for the next two weeks.
The remand order is however renewable after 14days depending on the outcome of investigations.

The Commission had recently frozen the ex-minister's Zenith Bank Account with Number 1004735721 domiciled at Maitama, Abuja.

Chief Fani-Kayode told punch newspaper reporter  that the PDP leadership gave him the impression that the money was sourced from private individuals. He also said he served as the director of publicity of the Johnathan Campaign Organization and was told to set up an account for the directorate which he did. He also said he never received money from the CBN.

However, a detective told punch newspaper reporter that the EFCC was working on the assumption that the ex-minister might have received more than N840m. Meanwhile, it was learnt that the Commission might seize some of the ex-minister's properties as investigations continue.

According to the source, "Section 29 permits the assets of a person arrested under Section 28 to be seized by the state . The Recovery of Public Property Special Provisions Act Cap R42004 Laws of the Federation also empowers the EFCC to seize assets.