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Court Grants Femi Fani-Kayode Bail for N200 Million

December 31, 2008
Image removed.

A Lagos high court today granted Femi Fani-Kayode bail for N200 million, with proviso that he provides two sureties worth the same amount.

Fani-Kayode, former aviation minister, spent last Christmas in Ikoyi Prison, Lagos, following an order of a Federal High Court  remanding him in prison custody, after he was arraigned on a 47-count charge of receiving cash in excess of N500,000 and paying same into his personal investment account, and laundering over N231 million. 


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