N840m Slush Fund: EFCC Grants Fani-Kayode Administrative Bail

share on:

Former minister of aviation and spokesperson of the Goodluck Jonathan campaign Organization, Femi Fani-Kayode has been granted administrative bail by the Economic and Financial Crimes Commission (EFCC).

Chief Femi Fani -Kayode, arrived at the headquarters of the Economic and Financial Crimes Commission.
Chief Femi Fani -Kayode, arrived at the headquarters of the Economic and Financial Crimes Commission. photo credit: Vanguardngr

READ ALSO: N840m Slush Fund: EFCC Confronts Fani-Kayode Amidst 8-Hour Siege Lifted At His Residence

The administrative bail came on the heels of Fani-Kayode’s appearance in a police convoy at the headquarters of the premier anti-graft agency in Abuja on Monday, May 9, 2016.

Clad in a blue native attire, Fani-Kayode is spotted in company of security operatives
Clad in a blue native attire, Fani-Kayode is spotted in company of security operatives. photo credit: Vanguardngr

The commission had in a letter dated May 6, invited Mr Fani-Kayode to appear and explain his role in the disbursement of N840 million believed to be a part of a N2.5 billion illegal removal from the Central Bank of Nigeria account.

He was invited by the anti-graft agency over an alleged N840m he received during the campaign.
He was invited by the anti-graft agency over an alleged N840m he received during the campaign. photo credit: Vanguardngr

He arrived the Commission in a blue native attire around 9.45am.

READ ALSO: Fani-Kayode Reacts As EFCC Freezes His Bank Account Over N4bn Fraud

Fani-Kayode’s bail conditions includes providing sureties who must be 2 serving directors with landed properties in Abuja, the capital city.

Datboyjerry

Datboyjerry

I am but your herald boy in the art of the pen.. An eccentric Environmental Biologist smouldered in the glorious epiphany of online journalism. If you ever find my article unduly insipid, sue me and i’ll refund you...

Leave a Reply