RismadarVoice Reporters
June 3, 2026
The Economic and Financial Crimes Commission (EFCC) on Wednesday arraigned the Managing Director of Abu-Haneefa Oil and Gas Ltd, Musa Farouk Abubakar, alongside his company and Sandra Chizoba Attoh before the Federal High Court in Abuja over alleged fraud and money laundering involving ₦691.6 million.
The defendants were arraigned before Justice Obiora Egwuatu on an amended 15-count charge bordering on conspiracy, corruption, and laundering of proceeds of unlawful activities.
According to the EFCC, the case involves alleged diversion and movement of funds linked to corruption, including multiple transactions said to have been carried out between July 2025 and other periods, in breach of Nigeria’s anti-money laundering laws.
One of the counts alleges that Abubakar transferred ₦297 million from the company’s account with a commercial bank to Attoh’s account, with reasonable suspicion that the funds were proceeds of unlawful activity. Another count further alleges that he facilitated the movement of ₦262.8 million for the purchase of property in Abuja.
The defendants all pleaded not guilty to the charges.
Prosecution counsel, Rita Ogar, urged the court to fix a trial date and remand the defendants, arguing that the EFCC had substantial evidence to support the charges.
Defence counsel to the first and second defendants, Ishaka M. Dikko, informed the court of a pending bail application and asked that his client be held in EFCC custody pending determination. Counsel to the third defendant, YG Haruna, SAN, also moved a bail application for his client.
Justice Egwuatu ruled that the first defendant be remanded at the Kuje Correctional Centre pending further proceedings, while granting bail to the third defendant for ₦200 million with two sureties.
The case was adjourned to September 1 and 2, 2026 for trial.
