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Billions "Found" In Ikoyi: Amaechi Files N500m Suit Against Lere, Fani-Kayode

Minister of Transportation, Rotimi Amaechi, has filed a N500m suit against Femi Fani-Kayode, a former minister of aviation, and Lere Olayinka, spokesman of Governor Ayo Fayose.

The duo had accused Amaechi of owning the $43m (about N15billion) which the Economic and Financial Crimes Commission (EFCC) found in a Lagos residence.

In separate letters to Fani-Kayode and Olayinka, counsel to Amaechi, Mr. Lateef Fagbemi, said the allegations against his client were false.

Fagbemi said Amaechi has never owned a home in Lagos, and that the “misleading information” was capable of tarnishing Amaechi’s reputation.

“The story as uploaded by you is to our knowledge blatantly false, malicious and is aimed at impeaching the credit of our client, a two-time speaker of the Rivers state of house of assembly, a two-time governor of Rivers state and current minister of the federation.

“Our client neither owns the house where the cash was found and your story and claim are unfounded,” read a letter sent to Lere and Fani-Kayode.


Amaechi’s counsel said the publication constitutes a libel and is defamatory “aimed at impinging our client’s character and credit in the eyes of Nigerians and foreigners.”

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