The Economic and Financial Crimes Commission (EFCC) has arraigned Musa Farouk Abubakar, managing director of Abu-Haneefa Oil and Gas Ltd, over alleged corruption and money laundering involving N691.7 million.
Abubakar was arraigned alongside Abu-Haneefa Oil and Gas Ltd and Sandra Chizoba Attoh before Justice Obiora Egwuatu of the Federal High Court in Abuja.
The defendants were docked on an amended 15-count charge bordering on conspiracy, corruption and money laundering.
The EFCC alleged that the defendants were involved in transactions linked to proceeds of unlawful activities amounting to N691,677,310.
In one of the charges, the anti-graft agency alleged that Abubakar transferred N297 million from Abu-Haneefa Oil and Gas Ltd’s account with Zenith Bank to Attoh’s account with Access Bank on July 21, 2025.
The commission alleged that the defendant ought reasonably to have known that the funds formed part of the proceeds of corruption.
The EFCC also alleged that Abubakar procured
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