Abuja - A Federal High CCourt in Abuja on Thursday granted Femi Fani-Kayode, spokesman of former President Goodluck Jonathan’s campaign organisation, bail in the sum of N50m and one surety in like sum.
The court presided over by James Tsoho ruled that the offence Fani-Kayode was alleged to have committed was a bailable one.
Fani Kayode, a former Minister of Aviation, is facing a five-count charge of money laundering to the tune of N26m preferred against him by the Economic and Financial Crimes Commission (EFCC).
He was accused of collecting the money from the Office of the National Security Adviser (ONSA) in 2014.
The judge ruled that Fani-Kayode be remanded in prison until he perfected his bail condition.
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Fani-Kayode was arrested by the commission on October 21, 2016 in Lagos.
The former minister is also facing a 17-count charge of money laundering to the tune of N4.9bn at the Lagos division of the Federal High Court.
- News 24