Fani-Kayode 'On The Run', 'Tip-toed' Into Hiding Over N2.5b Fraud | News Proof

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Fani-Kayode 'On The Run', 'Tip-toed' Into Hiding Over N2.5b Fraud

The Economic and Financial Crime Commission, the EFCC has launched a manhunt for a former Aviation Minister Mr. Femi Fani-Kayode, who “has refused to report to the agency for interaction”, an EFCC source told The Nation Newspaper

“All attempts by our operatives to locate the whereabouts  of Mr. Fani-Kayode have failed because he has not only switched off his phones, he has virtually gone underground,” the source said, adding: “We will fish him out wherever he is. Having been watch-listed by the EFCC,  he cannot hide for long .”

Fani-Kayode is rated as “the chief beneficiary” of the disbursement of the slush funds as he allegedly received N840million, paid in three tranches into his Zenith Bank, Maitama branch account with No.1004735721.

The EFCC source gave the details of the transactions from Mrs Usman company’s accounts to Fani-Kayode and others.

The source said: “The first tranche of payment involving N350million hit the account on February 19, 2015. Another N250milion was also paid into the account on February19, 2015 while N240million was similarly credited to the account a month later; precisely March 19, 2015.

“The balance on this account as at 31st December, 2015 was N189, 402.72.”

The Goodluck Support Group allegedly received N320million

Falae allegedly received N100m through Marreco Limited, a company in which he is listed as chairman. The fund was credited into the company’s United Bank for Africa Plc account No. 1000627022 on March 25, 2014. The former Secretary to the Government of the Federation has denied any wrongdoing.

“Both Achike Udenwa and Viola Onwuliri got N350million in two tranches. The first tranche of N150million was paid into their joint account with Zenith Bank on January 13, 2015. The second tranche of N200miilion was credited into their account with Diamond Bank,” the source said, pleading not to be named because he is not permitted to talk to the media.

Okey Ezenwa is believed to have received N100million.

Fani-Kayode has said that he got the cash for campaign purposes and that he rendered and account of how it was spent. He never knew the source of the cash, he said.

Udenwa said: “The money was disbursed with approval from the presidential campaign headquarters. It was not paid into my personal account.”

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