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How Malabu Oil, others violated money laundering law -Witness

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A prosecution witness, Mr Temitope Erinomo, told the Federal High Court in Abuja on Thursday how Malabu Oil and Gas Limited and six other companies charged with fraud in the Oil Prospecting Lease 245 transactions, had allegedly violated the money laundering law.

Erinomo is the Principal Compliance Officer at the Special Control Unit Against Money Laundering in the Federal Ministry of Trade and Investments.

He appeared in court on Thursday as the first prosecution witness in the case of 67 counts of money laundering involving about $800m instituted by the Economic and Financial Crimes Commission against Malabu Oil, the six other companies, and a businessman, Aliyu Abubakar.

Aside Malabu Oil and Abubakar, the rest of the defendants are A-Group Construction Company Limited, Rocky Top Resources Limited, Mega Tech Engineering Limited, Novel Properties, and Development Company Limited, imperial Union Limited and Carlin International Nigeria Limited.

All the defendants had pleaded not guilty to the 67 charges.

Led in evidence by EFCC’s prosecuting counsel, Bala Sanga, Erinomo said while Malabu Oil was registered as a consultancy firm, the rest of the companies allegedly with link to Abubakar, were registered to carry out construction activities.

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