UBA officer tells court how N1.6bn was allegedly transferred from Bauchi treasury

A compliance serviceman with United Bank for Africa (UBA), Williams Abimbola, has told the Federal High Court successful Abuja however funds were allegedly transferred from a Bauchi State Government sub-treasury relationship to a backstage company, JASFAD Resources Enterprises.

Abimbola testified on Monday as the archetypal prosecution witnesser successful the proceedings of Bauchi State Accountant-General, Sirajo Muhammed Jaja, and 4 others.

The Economic and Financial Crimes Commission (EFCC) is prosecuting the defendants connected an amended five-count complaint bordering connected wealth laundering, diversion of nationalist funds and transgression misappropriation involving N1.635 billion.

The different defendants are Aliyu Abubakar, Abubakar Muhammed Hafiz, Ari Manga and Muhammed Aminu Bose.

According to the prosecution, the defendants were signatories to Bauchi State sub-treasury accounts from which funds were allegedly transferred to JASFAD Resources Enterprises, a institution said to beryllium managed by Aliyu Abubakar.

Testifying earlier Justice Obiora Egwuatu, Abimbola said the slope received requests from instrumentality enforcement agencies and responded to enquiries arsenic portion of her duties arsenic a compliance officer.

When asked astir transactions involving the accounts, she told the tribunal that respective payments were made from the Bauchi sub-treasury relationship to JA...