The Economic and Financial Crimes Commission (EFCC) on Tuesday arraigned Femi Fani-Kayode, former minister of aviation, and three others, for allegedly laundering N4.9 billion.
Fani-Kayode’s arraignment, on charges bordering on corruption and stealing, had been postponed twice in the past.
He is being charged alongside Nenadi Usman, former minister of finance, Danjuma Yusuf, and Joint Trust Dimension Nigeria Limited.
The accused persons, according to the EFCC, committed the offences between January and March 2015.
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While in court, they all pleaded not guilty.
Rotimi, Oyedepo, the prosecutor, told the court that he was ready for trial at any given adjournment date.
Ayo Adedipe and Fred Orbih, counsel to the first and second accused, told the court that a bail application had been filed on behalf of their clients.
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However, S. I Ameh, counsel to the third accused, said he had yet to file a bail application.
Oyedepo, informed the court that he had only been served with the application of the first and second accused and required time to reply.
Sule Hassan, presiding judge, adjourned the case to July 1 for hearing of the bail applications.
He ordered that the defendants be remanded in prison custody pending determination of their bail application.
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