News
EFCC re-arrests Fani-Kayode
The Economic and Financial Crimes Commission on Friday arrested a former Minister of Aviation, Chief Femi Fani-Kayode, on new allegations of fraud.
Fani-Kayode was arrested as he emerged from a courtroom where he’s been facing separate money laundering charges since June.
Deji Adeyanju, an associate of Fani-Kayode, confirmed the development.
“We were coming out of the court with Nenadi Usman and others when the EFCC officials said he must follow them to their office,” Mr. Adeyanju said.
Fani-Kayode’s arrest comes days after his wife, Precious Chikwendu, was reportedly detained in a bank in Ado-Ekiti, the Ekiti State capital, on allegations of running bank accounts that were under investigation.
Fani-Kayode had raised alarm that the EFCC was plotting to arrest him as part of an alleged attempt by the government to silence him for remaining an unyielding voice of opposition.
More details later…..
-
Business7 days agoNigeria’s foreign debt climbs 22% to $51.86bn under Tinubu administration
-
Business1 week agoTrump-Xi summit sparks fresh questions for Nigeria’s economy, tech sector
-
Energy1 week agoRising global oil tensions raise fresh fears over Nigeria’s fuel prices
-
Business1 week agoDangote Refinery sues FG over petrol import licences in downstream market showdown
-
Business5 days agoAnalysts hail equities rally as over 30 NGX stocks beat inflation in April
-
Business5 days agoSterling Holdings FY2025 profit soars by 89% despite rising credit losses
-
Comments and Issues6 days agoWhy the killing of Abu-Bilal al-Manuki by U.S. and Nigerian forces matters
-
Business5 days agoDespite huge investment, Nigeria’s telecom sector struggles to meet soaring data demand