Amaechi Demands N750m From Fani-Kayode Over Ikoyi Billions Scandal

Minister of Transportation, Mr Rotimi Amaechi has written to Chief Fani Kayode and the aide to governor of Ekiti state, Mr Lere Olayinka to retract their posts on their twitter accounts linking him with the $430 million found in a luxury home in Ikoyi Lagos State.

The Minister who wrote through his counsel, Mr Lateef Fagbemi SAN said if they failed to make the retraction within seven days they would meet in court. He said the retraction should be made in about five national newspapers and their twitter pages.

He also said Olayinka should pay him 500 million naira while Kayode who was a former Minister of Transportation should part with 750 million naira. The Minister said the money were compensation for the damages he had suffered from their various postings.


According to Amaechi he was not the owner of the luxury apartment and the money found in the place, adding that he also did not acquire an apartment in the place for a lady and does not own a house in Lagos state.

Amaechi who is also a former governor of Rivers state said the post painted him as an adulterous man whereas he is a happy family man, married to only one wife.

“In the spirit of a second chance we have our clients instruction to give you an ultimatum of 7 days from receipt of this letter to issue an apology in 5 national dailies and your twitter ha due .

Your apology which should be heartfelt must be a total withdrawal of your claim and its imputation must also contain an expression of deep regret for this unwarranted attack and must also contain retraction of the false statement of yours. We also demand from you as compensation for the malicious and defamatory claim. Please note that the demand will increase with time if you fail to retract the statement immediately. Failure to do any of these would be met with stiff legal actions which your defamatory act deserves .”,the counsel said.

FFK's camp speaks....

“We have been inundated with calls concerning about a threat by Rotimi Amaechi to sue Chief Fani-Kayode for defamation over the 43 million USD issue. We are not losing any sleep over this matter. We have not received any court processes or letters from Ameachi but when we do so our lawyers will respond vigorously and appropiately. Thank you”- signed Jude Ndukwe, Special Advisor to Chief Femi Fani-Kayode on media.