May 24, 2026
NEWS

Unclaimed $43m: Amaechi sues Fani- Kayode, Fayose’s spokesman, demand N500m compensation

Following allegations that he owned the $43m uncovered by the Economic and Financial Crimes Commission, EFCC, in Lagos, the Minister of Transport, Rotimi Amaechi, has filed a N500million suit againt former Aviation Minister Femi Fani-Kayode and Governor Ayodele Fayose’s media aide, Lere Olayinka.

Both men had accused the former Rivers Governor of being the owner of the huge cash.

Counsel to Amaechi, Lateef Fagbemi, in separate letters to Fani-Kayode and Olayinka, the counsel to Amaechi, maintained that the allegations levelled against his client were false.

The Minister’s counsel said his client has never owned a home in Lagos and that the “misleading information” was capable of tarnishing Amaechi’s reputation.

The leader reads, “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.”

The counsel further stated that 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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