Bank Reports Surface In Malami Fraud Trial
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A witness in the alleged N8.7bn money laundering case involving former Attorney-General of the Federation, Abubakar Malami, told a Federal High Court in Abuja that Zenith Bank reported transactions connected to the former minister’s accounts as suspicious.
LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT
The bank’s compliance officer, Mashelia Arhyel Bata, gave the testimony before Justice Joyce Abdulmalik during Wednesday’s hearing.
LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT
He explained that although the deposits followed Central Bank guidelines, the bank still filed a Suspicious Transaction Report because of repeated patterns noticed in the transactions.
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The Economic and Financial Crimes Commission is prosecuting Malami alongside his wife and son over allegations linked to conspiracy, concealment and laundering of unlawful funds.
During the hearing, defence lawyers challenged parts of the witness’s explanation before the court allowed him to continue speaking.
The witness also informed the court that his duty involved handling requests from law enforcement agencies and not directly managing the accounts under investigation.
After his testimony, the judge adjourned the matter until May 22 for further hearing.
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