Justice Hassan gave the remand order shortly after Fani-Kayode, a former minister of finance, Nenadi Usman and Danjuma Yusuf were arraigned before him by the Economic and Financial Crimes Commission (EFCC).
Fani-Kayode, who also served during the 2015 election as director media/publicity of the PDP Presidential Campaign Organization, alongside Usman and Yusuf, are accused of conspiracy, stealing, corruption and making cash payments exceeding the amount authorized by law.
They are alleged to have stolen and illegally disbursed about N4.9 billion belonging to the Federal Government of Nigeria.
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The accused persons were said to have allegedly committed the offences between January 8, 2015 and March 25, 2015 in the build-up to the general election.
Joined with the trio in the 17 counts was a company, Joint Trust Dimension Nigeria Limited.
After the defendants pleaded not guilty to all the charges preferred against them, counsel to Fani-Kayode, Mr. Ifedayo Adedipe (SAN), and that of Usman, Mr. S.I. Ameh (SAN), subsequently informed the court that they had filed applications for the bail of their clients.
In a short ruling, Justice Hassan adjourned the case till July 1 for hearing of the three bail applications.