Reported by: Ijeoma G | Edited by: Oravbiere Osayomore Promise.
The Economic and Financial Crimes Commission (EFCC) on Wednesday, 3 June 2026, arraigned the Managing Director of Abu-Haneefa Oil and Gas Ltd, Musa Farouk Abubakar; his company; and one Sandra Chizoba Attoh before Justice Obiora Egwuatu of the Federal High Court in Maitama, Abuja, on an amended 15‑count charge bordering on conspiracy to commit fraud, corruption and money laundering involving N691,677,310 (Six Hundred and Ninety‑one Million, Six Hundred and Seventy‑seven Thousand, Three Hundred and Ten Naira). The defendants pleaded not guilty.
Count 10 of the charge alleges that on or about 21 July 2025, Abubakar transferred N297,000,000 from Abu-Haneefa Oil and Gas Ltd’s Zenith Bank account (No. 1313378899) to Attoh’s Access Bank account (No. 0108910277) when he reasonably ought to have known that the money formed part of the proceeds of unlawful activity, specifically corruption – an offence under Section 18(2)(b) of the Money Laundering (Prevention and Prohibition) Act, 2022, punishable under Section 18(3) of the same Act. Count 11 further states that Abubakar procured Attoh to transfer N262,866,310 from her Access Bank account to Mshell Homes Ltd’s Taj Bank account (No. 0003457246) for the purchase of a property at Kapital Villa, Guzape, Abuja, also knowing the funds to be proceeds of corruption – an offence under Section 21(c) of the Act, punishable under Section 18(3).
Following the not‑guilty pleas, prosecution counsel Rita Ogar requested a trial date and the remand of the defendants. Counsel for the first and second defendants, Ishaka M. Dikko, informed the court that he had filed a bail application for Abubakar on 19 May 2026 and asked that he be remanded in EFCC custody. Counsel for the third defendant, Y.G. Haruna (SAN), said he filed a bail application for his client on 1 June 2026 and received the prosecution’s counter‑affidavit on 2 June. Ogar opposed the applications, stating that the prosecution had “overwhelming evidence” and had filed a 20‑paragraph counter‑affidavit with two exhibits.
Justice Egwuatu ordered that Abubakar be remanded in Kuje Correctional Centre pending his counsel’s response to the prosecution’s counter‑affidavit. He admitted Attoh to bail in the sum of N200 million with two sureties in like sum, both of whom must be residents of Abuja, property owners, and submit passport photographs and valid identification. One surety must be a civil servant not below Grade Level 15, who must also deposit his letter of appointment and last promotion letter. The court adjourned the matter to 1 and 2 September 2026 for trial.
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