Categories: News

EFCC Re-Arraigns Malabu, Seven Others For Alleged Fraud

The Economic and Financial Crimes Commission (EFCC) on Tuesday, re-arraigned Malabu Oil & Gas Limited, Aliyu Abubakar and six others before Justice I.E. Ekwo of the Federal High Court sitting in Abuja, on 67 amended charges, bordering on money laundering to the tune of $875,740,000.

According to a statement by the Head, Media & Publicity, EFCC, Dele Oyewale, the other six defendants are Group Construction Company Limited; Rocky Top Resources Limited; Megatech Engineering Limited; Novel Properties and Development Company Limited, Imperial Union Limited and Carlin International Nigeria Limited.

The suit marked: FHC/CR/268/2016, which initially had nine counts, was filed in 2016.

At the proceedings on Tuesday, EFCC Counsel, Bala Sanga told the court that he was ready with the amended charges and for the eight defendants to take their pleas.

The defendants pleaded not guilty to all the 67 charges.

Sanga then prayed the court to grant a date for commencement of trial.

Justice Ekwo adjourned the matter to Thursday, for the commencement of trial and granted that the defendants continue with their existing bail.

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