Alleged N8.7bn fraud: Zenith Bank filed suspicious tansaction reports on Malami — Witness tells court

A prosecution witnesser successful the alleged N8.7 cardinal wealth laundering proceedings involving erstwhile Attorney-General of the Federation and Minister of Justice, Abubakar Malami, connected Wednesday told the Federal High Court successful Abuja that Zenith Bank filed Suspicious Transaction Reports connected transactions linked to the erstwhile minister’s accounts.

The witness, Mashelia Arhyel Bata, a compliance serviceman with Zenith Bank, disclosed this portion testifying earlier Justice Joyce Abdulmalik of the Federal High Court successful Maitama, Abuja.

Malami is being prosecuted by the Economic and Financial Crimes Commission alongside his wife, Hajia Bashir Asabe, and his son, Abubakar Abdulaziz Malami, implicit an amended 16-count complaint bordering connected alleged conspiracy, concealment and laundering of N8.7 cardinal said to beryllium proceeds of unlawful activities.

During cross-examination by defence counsel, Adebayo Adedeji, SAN, the witnesser admitted that the deposits reflected successful the relationship statements complied with the guidelines of the Central Bank of Nigeria.

He, however, stated that the slope inactive filed Suspicious Transaction Reports successful enactment with regul...