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EFCC arraigns Mahmud A. Abubakar for alleged N1.09bn fraud in Abuja
The Economic and Financial Crimes Commission (EFCC) has arraigned Mahmud A. Abubakar before the Federal Capital Territory High Court in Maitama, Abuja. The arraignment involves a two-count charge regarding the alleged retention and transfer of criminal proceeds totaling N1,098,976,008.
According to the EFCC, between January and December 2024, Abubakar allegedly retained N795,360,000 in an Access Bank account, knowing the funds were derived from criminal activity. Additionally, he is accused of transferring N303,616,008 from the same account to an individual named Suleiman Umar.
Abubakar pleaded not guilty to both counts. The charges contravene Section 17(a) of the Economic and Financial Crimes Commission (Establishment) Act 2004.
Entities
Abuja · Access Bank · Economic and Financial Crimes Commission · Mahmud A. Abubakar · Suleiman Umar
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 4 SOURCES] Abubakar allegedly transferred N303,616,008 to Suleiman Umar. www.worldstagenews.com · nationalaccordnewspaper.com · pointblanknews.com · punchng.com
- [● 4 SOURCES] The charges involve the alleged retention and transfer of N1,098,976,008 in criminal proceeds. www.worldstagenews.com · nationalaccordnewspaper.com · pointblanknews.com · punchng.com
- [● 4 SOURCES] The EFCC arraigned Mahmud A. Abubakar in Abuja. www.worldstagenews.com · nationalaccordnewspaper.com · pointblanknews.com · punchng.com
- [● 3 SOURCES] Mahmud A. Abubakar pleaded not guilty to the charges. www.worldstagenews.com · nationalaccordnewspaper.com · punchng.com
- [● 4 SOURCES] Abubakar allegedly retained N795,360,000 in an Access Bank account between January and December 2024. www.worldstagenews.com · nationalaccordnewspaper.com · pointblanknews.com · punchng.com