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Fani-Kayode, Falae named in alleged N3.1b fraud

15 March 2016, 09:38

Abuja - The Economic and Financial Crimes Commission (EFFC) has claimed it had uncovered how key Peoples Democratic Party (PDP) members shared N3.145 billion ahead of the 2015 general elections.

The commission said, the money emanated from the account of the Central Bank of Nigeria (CBN) and was transferred to the account of a company, Joint Dimensions Limited, and then sent to various accounts.

The beneficiaries include a former Minister of Aviation, Femi Fani-Kayode; a former Secretary to the Government of the Federation and leader of the Social Democratic Party, Olu Falae; a former Minister of Finance, Nenadi Usman; a former Imo State Governor, Achike Udenwa; a former Minister of State for Foreign Affairs, Viola Onwuliri and Okey Ezenwa.

Also read: Fani-Kayode denies receiving N1.7bn from Dasuki

The details of how the money was shared are: Fani-Kayode (N840million); Goodluck Support Group (N320million); Achike Udenwa and Viola Onwuliri (N350million); Nenadi Usman (N36.9million);and Okey Ezenwa(N100million).

Kayode, who was director of media and publicity PDP Presidential Campaign Organisation, was said to have received the N840 million in three  tranches.

The money was paid into his Zenith Bank, Maitama branch account with number 1004735721.

The first tranche of payment involving N350m hit the account on February 19, 2015. 

Another N250m was also paid into the account on February 19, 2015 while N240m was similarly credited to the account on March 19, 2015.

- News 24


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