The  Economic and Financial Crimes Commission on Thursday re-arraigned a  former Minister of Aviation, Chief Femi Fani-Kayode, before a Federal  High Court, Lagos on 47 counts of money laundering.
The re-arraignment followed the transfer of former trial judge, Justice Ramat Mohammed, out of the division.
The development prompted the re-assignment of the case and subsequent re-arraignment before Justice Binta Nyako on Thursday.
The first arraignment was in December 2008.
Fani-Kayode, who pleaded not guilty to  all the counts again on Thursday, was accused by the EFCC of involvement  in money laundering by, among others, transacting with funds exceeding  N500,000 without using a financial institution and  accepting cash  payment of about N230m.
He was granted bail shortly after his  arraignment though the judge ordered that he should not travel out of  the country until the final determination of the case.
Earlier, the defence counsel, Chief Ladi  Williams,  had opposed the arraignment on the grounds that the defence  was having a pending motion for stay of proceedings in the case before  the Supreme Court.
He therefore sought an adjournment till after May 21 when the Supreme Court would hear their motion.
He said an interlocutory appeal against  the decision of the Appeal Court in Lagos, which admitted Fani-Kayode’s  statement of account as evidence had been entered at the Supreme Court.
Williams also contended that the  appellate court, while admitting his client’s statement of account as  evidence, did not order for a fresh trial.
While opposing the application for  adjournment, the prosecution’s counsel, Festus Afeiyodion, said the  re-assignment of the case had rendered the interlocutory appeal filed at  the Supreme court an academic exercise.
He also added that there was no proof that the said interlocutory appeal had been entered at the Supreme Court.
Justice Nyako  adjourned the matter till  April 24 for mention and  directed the defence to file all necessary  processes regarding the interlocutory appeal.
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