Mr. Fani-Kayode was the Spokesperson of Jonathan Presidential Campaign Organization and a critic of the Buhari administration.
He was arraigned alongside former Finance Minister, Nenadi Usman; Danjuma Yusuf and a private firm – Joint Trust Dimension Ltd.
They are standing trial for alleged involvement in laundering of the sum of N4.9 Billion.
The 17-count charge which was slammed against the defendants among others include: unlawful retention, use and payment of money to the tune of about N4.9 Billion. The alleged offences were committed between January and March 2015.
In the suit-counts one to seven, the defendants were alleged to have unlawfully held over N3.8 Billion which formed part of the proceeds of an unlawful act – stealing and corruption.
The prosecution Counsel Rotimi Oyedepo, after the defendant’s arraignment, told the court that he was prepared to proceed with the trial as adjourned by the court.
The court however, directed that the accused be remanded in prison till Friday pending when their bail applications would be heard.
It would be recalled the trial of the opposition PDP Chieftain who has been remanded for four weeks by the EFCC for investigations and others was stalled last week Tuesday, due to absence of the trial judge.