A prosecution witness on Tuesday detailed a series of high-value financial transactions that passed through the account of Alkausar Farm, one of the entities linked to the alleged N8.7 billion money laundering case involving former Attorney General of the Federation (AGF) and Minister of Justice, Abubakar Malami (SAN).
The witness, Munawwarah Salisu Anas, a Compliance Officer with Jaiz Bank Plc, testified before Justice Joyce Abdulmalik of the Federal High Court in Abuja as the fifth prosecution witness (PW5) in the ongoing trial of Malami, his wife, Hajia Bashir Asabe, and his son, Abubakar Abdulaziz Malami.
The trio is being prosecuted by the Economic and Financial Crimes Commission (EFCC) on a 16-count charge bordering on conspiracy, procuring, disguising, concealing and laundering proceeds of unlawful activities amounting to N8,713,923,759.49, contrary to the provisions of the Money Laundering (Prevention and Prohibition) Act, 2022.
At Tuesday’s proceedings, prosecution counsel, Jibrin Okutepa (SAN), informed the court that the matter was scheduled for continuation of trial and subsequently called the witness to testify.
While being led in evidence by Okutepa, Anas told the court that her responsibilities as a compliance officer at Jaiz Bank include liaising with law enforcement agencies, including the EFCC.
