Alleged N8.7bn Fraud: Zenith Bank Filed Suspicious Tansaction Reports on Malami — Witness Tells Court
Zenith Bank’s compliance officer said the deposits met Central Bank of Nigeria guidelines but were still flagged and reported as suspicious.
- On Wednesday, Zenith Bank compliance officer Mashelia Arhyel Bata testified at the Federal High Court in Abuja that the bank filed Suspicious Transaction Reports regarding transactions linked to former Attorney-General of the Federation Abubakar Malami.
- The Economic and Financial Crimes Commission is prosecuting Malami alongside his wife, Hajia Bashir Asabe, and son, Abubakar Abdulaziz Malami, over an amended 16-count charge involving alleged N8.7 billion money laundering conspiracy.
- Though transactions met Central Bank of Nigeria guidelines, Bata noted the bank escalated repetitive patterns to the Nigerian Financial Intelligence Unit , stating: "Any deposition of funds seen in a pattern or repetitive, you must escalate it."
- After Justice Joyce Abdulmalik overruled defense objections regarding STR procedures, prosecution counsel J.S. Okutepa completed re-examination, and the court discharged Bata from the witness box.
- Justice Abdulmalik adjourned the trial until May 22, 2026, for continuation of proceedings, with three other prosecution witnesses having testified since trial began on April 6.
13 Articles
13 Articles
N8.7bn Fraud Trial: Bank flagged Malami’s transactions as suspicious
Mr Malami, his wife and son are facing 16 money laundering charges involving N8.7 billion suspected to be proceeds of crime. The post N8.7bn Fraud Trial: Bank flagged Malami’s transactions as suspicious – Witness appeared first on Premium Times Nigeria.
'N8.7b fraud' : Malami’s bankers filed suspicious reports on his transactions, witness tells court - Blueprint Newspapers Limited
The Fourth Prosecution Witness, PW4, in the ongoing trial of the former Attorney-General of the Federation and Minister of Justice, Abubakar Malami Wednesday, told Justice [...]
Alleged N8.7bn fraud: Zenith Bank filed suspicious tansaction reports on Malami — Witness tells court
A prosecution witness in the alleged N8.7 billion money laundering trial involving former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, on Wednesday told the Federal High Court in Abuja that Zenith Bank filed Suspicious Transaction Reports on transactions linked to the former minister’s accounts. The witness, Mashelia Arhyel Bata, a compliance officer with Zenith Bank, disclosed this while testifying before Justice…
Ex-AGF Malami’s transactions flagged by Zenith Bank, witness tells court
A witness testifies that Zenith Bank filed Suspicious Transaction Reports on ex-AGF Abubakar Malami’s money laundering case, a key detail in the N8.7bn tri Read More: https://punchng.com/ex-agf-malamis-transactions-flagged-by-zenith-bank-witness-tells-court/
Alleged N8.7b Fraud: Malami’s bankers filed suspicious reports on his transactions-Witness
The Fourth Prosecution Witness, PW4, in the trial of the former Attorney-General of the Federation and Minister of Justice, Abubakar Malami, on Wednesday, May 13, 2026, told Justice Joyce Abdulmalik of the Federal High Court, Maitama, Abuja, that Zenith Bank Plc, where the former AGF had account, filed Suspicious Transaction Report, STR, in respect of […] The post Alleged N8.7b Fraud: Malami’s bankers filed suspicious reports on his transactions…
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