Fani Kayode to remain in detention for 2 weeks or more

The Economic and Financial Crimes Commission, EFCC, has finally secured a court order granting them powers to detain, question and interrogate Fani Kayode for two weeks, effectively putting him out of circulation.

The court order can be renewed after two weeks if the anti-graft agency thinks they are not done with Fani Kayode yet or if investigations are incomplete.

Fani-Kayode is being probed by the EFCC for his alleged role in a cash largess involving the Goodluck Campaign Organization. Fani Kayode received a huge chunk of funds wired directly from Central Bank of Nigeria, on the orders of Dasuki Sambo.

Part of the ongoing investigations is a freeze on one of Fani Kayode’s accounts domiciled at Zenith Bank, Nigeria, Maitama branch, Abuja.

According to Fani-Kayode “I served as the director of publicity of the Jonathan campaign organization and I was told to set up an account for the directorate, which I did. I never received money from the CBN but like all the other directors, we received money from the director of finance.”

However, an EFCC operative reported that “Besides the N840m that Fani-Kayode admitted to receiving, we believe he got more. Thanks to BVN (Bank Verification Number), we can trace all other accounts that he has. We will trace the transaction history and see how much he truly received and how much was from the public funds.

“There are other petitions against the former minister and he will be grilled. In the coming days, we will reveal the outcome of investigations.”

Read Also: If Femi Kayode remained in APC, his current trial wouldn’t happen.

“The issue of a witch-hunt does not apply here. Fani-Kayode faced a criminal trial under (late President Umaru) Yar’Adua and (former President Goodluck) Jonathan. Did it mean they also hated him?

“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,” the source said.