The Economic and Financial Crimes Commission (EFCC) has arraigned Musa Farouk Abubakar, an Abuja-based oil magnate, alongside his company, Abu-Haneefa Oil and Gas Limited, and Sandra Chizoba Attoh, an associate, over an alleged N691.7 million fraud and money laundering scheme.
The defendants were brought before Obiora Egwuatu, a Justice of the Federal High Court, Abuja, on Wednesday on amended 15 charge bordering on conspiracy, corruption and money laundering.
According to the anti-graft agency, the alleged offences involved the laundering of proceeds suspected to have been derived from corrupt activities amounting to N691,677,310.
One of the charges alleged that Abubakar, as Managing Director of Abu-Haneefa Oil and Gas Limited, transferred N297 million from the company’s Zenith Bank account to an Access Bank account belonging to Attoh on July 21, 2025, despite allegedly knowing that the funds were proceeds of unlawful activities.
The EFCC further accused Abubakar of directing Attoh to transfer N262.9 million from her account to a Taj Bank account belonging to Mshell Homes Limited for the purchase of a property located at Kapital Villa in Guzape, Abuja.
