Alleged $12m Fraud: Witness Confirms Receiving $12m in Cash, Facilitated by SunTrust Bank MD, ED as Defence Fails to Tender Exhibit

Halima Abu

By JUMOKE SANNI

The First Prosecution Witness, PW1, in the trial of Halima Buba and Innocent Mbagwu on Friday, July 18, 2025 told Justice Emeka Nwite of the Federal High Court, Abuja that he received the sum of $12 million (Twelve Million Dollars) with the involvement of defendants for transfer to Aisha Achimugu’s bank accounts.

Achimugu owns Ocean Gate Energy Oil and Gas, whose account is domiciled in Zenith Bank Plc.

The witness, a bureau de change operator, while been led in evidence by prosecution counsel Rotimi Oyedepo, SAN, stated that between March 10 and 24, 2025 he had received $12m from Aisha Achimugu as cash swap in Abuja and Lagos branches of SunTrust Bank, adding that though he has both naira and dollar accounts with the bank that “None of the money went through my account.”

Testifying further, he said, “It was on social media that I heard that Aisha Achimugu has been arrested and I forwarded it to the first defendant. I can also recall that after meeting Aisha Achimugu, she has also given me a total of $1.8 million for conversion into naira and they were in tranches,” he said.

During cross-examination of the witness, defence counsel, Johnson Usman, SAN, sought to tender some exhibits in evidence that comprise the count charges, extra-judicial statements of the witnesses and those of the defendants in the EFCC, certificate of identification but failed due to the argument of the prosecution that the defence ought to be more factual by tendering the certified true copies of the exhibits it wished to tender.

The prosecution counsel observed that, “The documents from Page 10 to 12 can only be certified by the officer of the EFCC. From Page 13 to 31 is a letter from SunTrust Bank to the EFCC, forwarding account statements and account opening documentation of Aisha Achimugu to the EFCC, it is only the officers of the EFCC who received these documents that are in custody of the original that can properly certify these documents, so they cannot be tendered from the bar.”