EFCC Traces N3.145bn Transferred Into Fani-Kayode, Falae, Other Accounts | WakaWaka Reporters
Chief Femi Fani- Kayode

EFCC Traces N3.145bn Transferred Into Fani-Kayode, Falae, Other Accounts

The Economic and Financial Crimes Commission, EFCC, has traced N3.145bn transferred to the private accounts of some members of the Peoples Democratic Party Presidential Campaign Organisation.

Among those involved in the deal is former minister of aviation, Femi Fani Kayode and ex-Secretary to the Government of the Federation, Olu Falae.

According to detectives at the EFCC, the money came from the account of the Central Bank of Nigeria and was transferred to the account of a company, Joint Dimensions Limited, and then sent to various accounts.

Authorities of the anti-graft commission said out of the money, the Director of Publicity of the organisation, Fani-Kayode, received N840m, Premium Times reports.

Documents by the EFCC show that the money was deposited into Fani-Kayode’s Zenith bank account, Maitama Branch, with number 1004735721 on February 19, 2015.

The detectives said a former Secretary to the Government of the Federation and National Chairman of the Social Democratic Party, Chief Olu Falae, received N100m through a company, Marreco Limited, where he is chairman.

The fund was credited into the company’s United Bank for Africa Plc account number 1000627022 on March 25, 2014.