Categories: Nigeria News

N714m fraud: FCMB manager testifies in Turaki’s trail

The trial of Kabiru Tanimu Turaki, a former Minister of Special Duties and Intergovernmental Affairs, has been adjourned till January 25, 2021.

At the resumed trial today, account statement and account opening package of Abdulrahman Yusuf, a bureau de change operator, Oberone BDC Ltd and Halima Tanimu Turaki were tendered and admitted in evidence through the ninth prosecution witness, Umar Garba, a relationship manager with First City Monument Bank.

The witness identified transactions made by the third and fourth defendants at various times to a bureau de change operator, Abdulrahman Yusuf.

Garba while explaining some of the inflows into the account told the court that:

“On the 30th of January 2015, there was an inflow of N50 million in two tranches into the account of a bureau de change operator, Abdulrahman Yusuf from the account of the third defendant, Samtee Essentials Limited.

“Another N30 million in two places on the same date from the fourth defendant, Pasco Investment Limited”

He further told the court that on 28th January 2015, there was an inflow of N50 million in five transactions from the third defendant and also N20 million in two places, another N29, 700,000 was transferred to Abdulrahman Yusuf.

Under cross examination by the third and fourth defendants’ counsel, Abdulazeez Ibrahim and Nasir Saidu respectively, he told the court that he did not know the purpose of the inflows or the source of the funds.

Turaki, SAN, his special assistant, Sampson Okpetu and two companies: Samtee Essentials Limited and Pasco Investment Limited are standing trial on a 16 count charge of fraud amounting to N714, 670, 014 (Seven Hundred and Fourteen Million Six Hundred and Seventy Thousand and Fourteen Naira).

Treasure Orokpo

A multi-talented individual with a passion for diverse fields, Treasure Orokpo is a trained journalist, skilled cook, and AI enthusiast. When she's not uncovering the latest stories, you can find her whipping up culinary creations in the kitchen and entertainment.

Recent Posts

Newly promoted NSCDC officer collapses, dies in restroom after salary alert

A newly promoted officer of the Nigeria Security and Civil Defence Corps (NSCDC), identified only…

4 hours ago

Why Tinubu promoted Acting COAS Oluyede to Lieutenant General – Presidency reveals

President Bola Tinubu promoted Acting Chief of Army Staff Olufemi Olatubosun Oluyede to the rank…

4 hours ago

Nigerian govt Scraps 18-year admission requirement for tertiary institutions

The Federal Government has officially scrapped the contentious 18-year age requirement for admission into tertiary…

4 hours ago

Baltasar Engonga: Equatorial Guinea govt takes action as more videos leaks onlines

The Government of Equatorial Guinea has restricted citizens from using mobile data to download and…

5 hours ago

BREAKING: Tinubu promotes Acting COAS Olufemi Oluyede to Lieutenant General rank

President Bola Tinubu has promoted Acting Chief of Army Staff (COAS) Olufemi Oluyede to the…

5 hours ago

BREAKING: Baltasar Engonga: Equatorial Guinea restricts WhatsApp amid leaked videos

The Government of Equatorial Guinea has restricted citizens from using mobile data to download and…

8 hours ago