EFCC implores court to revoke Femi Fani-Kayode’s bail

EFCC implores court to revoke Femi Fani-Kayode’s bail

The Economic and Financial Crimes Commission (EFCC), on Wednesday, December 2, asked the Federal High Court, Abuja, to revoke the bail granted to the former Aviation Minister, Femi Fani-Kayode.

EFCC’s Lawyer, Mohammed Abubakar, who prayed Justice John Tsoho to grant his plea, said that Fani-Kayode had continued to be absent in court for his trial lately.

Abubakar, who enjoined the court to issue a bench warrant on the defendant, also urged the court to summon his surety to show cause why the bail bond should not be forfeited.

1st News reports that the ex-minister was, on Nov. 10, 2016, admitted to N50 million bail bond with a surety in the like sum.

EFCC alleges Fani-Kayode diverted N26 million he had received from the embattled National Security Adviser, Col. Sambo Dasuki (retd.) during former President Goodluck Jonathan’s administration.

However, the defence counsel, Mr Wale Balogun, urged the court to dismiss the oral application of the EFCC.

Meanwhile, the Central Bank of Nigeria (CBN), on Wednesday, December 2, urged Justice Ahmed Mohammed of a Federal High Court in Abuja not to unfreeze the accounts of #EndSARS campaigners.

According to the CBN, this is because they are still under probe for terrorism financing.

This statement from the CBN was issued in a counter-affidavit in opposition to a motion on notice filed by Gatefield Nigeria Limited, a company that sponsored freelance journalists to cover the #EndSARS protests in October.

1st News had reported the apex bank through an ex parte order frozen the account of Gatefield Nigeria Limited; and 19 other persons who played a role in the protests.

However, Gatefield opposed the CBN’s action in court, insisting that the act was illegal; because the apex bank had frozen the accounts even before the court order to do so was obtained.

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In a counter-affidavit filed by a lawyer, A.J. Apera, on behalf of the CBN Governor, Godwin Emefiele; the apex bank stated that it duly obtained a court order on November 4, 2020, to freeze the accounts.

However, the CBN made no mention of #EndSARS in the court papers; but only told the court that all those whose accounts were frozen were under probe for suspected terrorism.

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