Femi Fani Kayode Arrested By EFCC
July 1, 2008 by 
Che Oyimnatumba
The immediate past Minister of aviation, Chief Femi Fani Kayode has been arrested by the Economic and Financial Crime Commission (EFCC) over allegations of misappropriation of Aviation Intervention Fund believed to be N19.5 billion Naira.
Also arrested is Fani Kayode’s predecessor Prof. Babalola Aborishade, whom Fani Kayode accused of forgery and spending N8.4billion Naira.
These revelations and consequent arrest by EFCC is coming at the heels of revelations at the on going Senate Committee on Aviation’s public hearing in Abuja. In a limp defence, the past minister of finance, Nenadi Usuman, said that against the 19.5 billion Naira being spread by the media, it was 13billion Naira that was released and 6 billion Naira sourced as loan.
Chief Kayode was drafted to the aviation ministry by the Obasanjo administration as a reward for his faithful defense of Obasanjo. Fani Kayode was the Special Adviser to president Obasanjo Fani Kayode was arrogant and abused any Nigerian that had a contrary view about how Obasanjo was ruining the country. Even Nigeria’s literary icons and men of wisdom were ridiculed by Fani Kayode. One cannot help but butt in that this arresting, is teaching Fani Kayode that power is ephemeral and one should be kind to those he meets on his way up, as they may remove the ladder.
Since the removal of Nuhu Ribadu as the chairman of EFCC, Obasanjo loyalists are having a rough day. Among these faithfuls, whose feathers have been ruffled are Iyabo Obasanjo-Bello (ex-president Obasanjo’s daughter), Kenny Martins ( Police Equipment Trust Fund)
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