The Economic and Financial Crimes Commission (EFCC) on Wednesday, June 3, 2026, arraigned the Managing Director of Abu-Haneefa Oil and Gas Ltd, Musa Farouk Abubakar, alongside his company and Sandra Chizoba Attoh before Justice Obiora Egwuatu of the Federal High Court, Maitama, Abuja, over an alleged an N691.7 million fraud.
The defendants were arraigned on an amended 15-count charge bordering on conspiracy, corruption, fraud and money laundering involving N691,677,310.
According to the EFCC, one of the charges alleged that Abubakar, on July 21, 2025, transferred N297 million from Abu-Haneefa Oil and Gas Ltd’s account with Zenith Bank to Attoh’s account with Access Bank, funds he allegedly ought to have known were proceeds of corruption.
Another charge alleged that Abubakar procured Attoh to transfer N262.9 million from her Access Bank account to Mshell Homes Ltd’s account with Taj Bank for the purchase of a property at Kapital Villa, Guzape, Abuja, despite allegedly knowing that the funds were proceeds of unlawful activities.
The defendants pleaded not guilty to all the charges.
Following their plea, prosecution counsel, Rita Ogar, urged the court to fix a trial date and remand the defendants in a correctional centre.
Counsel to the first and second defendants, Ishaka M. Dikko, informed the court that a bail application had earlier been filed for Abubakar and requested that he be remanded in EFCC custody pending its determination.
Counsel to the third defendant, Y.G. Haruna, SAN, also informed the court that a bail application had been filed on behalf of his client.
Opposing the bail requests, the prosecution argued that it had overwhelming evidence against the defendants and relied on counter-affidavits and supporting exhibits already filed before the court.
After listening to both parties, Justice Egwuatu ordered that Abubakar be remanded in Kuje Correctional Centre pending further proceedings on his bail application.
The court, however, granted Attoh bail in the sum of N200 million with two sureties in like sum.
The judge ruled that the sureties must be Abuja residents, property owners, and provide passport photographs and valid means of identification.
One of the sureties must also be a civil servant not below Grade Level 15 and must deposit evidence of appointment and promotion with the court.
The matter has been adjourned till September 1 and 2, 2026, for trial.
Source: X | officialEFCC
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