Abuja – The Economic and Financial Crimes Commission (EFCC) has arraigned the Managing Director of Abu-Haneefa Oil and Gas Limited, Musa Farouk Abubakar, alongside the company and Sandra Chizoba Attoh, over an alleged fraud and money laundering scheme involving N691,677,310.

The defendants were brought before Justice Obiora Egwuatu of the Federal High Court, Maitama, Abuja, on Wednesday, June 3, 2026, on an amended 15-count charge bordering on conspiracy, corruption, fraud, and money laundering.

According to the EFCC, the defendants allegedly engaged in financial transactions involving proceeds suspected to have been derived from unlawful activities.

One of the charges alleged that Abubakar, as Managing Director of Abu-Haneefa Oil and Gas Ltd, transferred N297 million from the company’s Zenith Bank account to an Access Bank account belonging to Attoh on July 21, 2025, despite allegedly knowing the funds were proceeds of corruption.

The anti-graft agency also accused him of procuring Attoh to transfer N262.87 million from her account to the account of Mshell Homes Limited with Taj Bank for the purchase of a property at Kapital Villa, Guzape, Abuja, using funds allegedly linked to unlawful activities.

The defendants, however, pleaded not guilty to all charges.

Following their pleas, EFCC prosecuting counsel, Rita Ogar, requested the court to fix a trial date and remand the defendants in a correctional facility pending the determination of their bail applications.

Counsel to the first and second defendants, Ishaka M. Dikko, informed the court that a bail application had been filed on behalf of Abubakar and urged the court to remand his client in EFCC custody pending the hearing of the application.

Similarly, counsel to the third defendant, Y.G. Haruna (SAN), told the court that a bail application had also been filed for his client.

Opposing the applications, the prosecution argued that it had strong evidence against the defendants and relied on counter-affidavits already filed before the court, urging the judge to refuse the bail requests.

After hearing submissions from both parties, Justice Egwuatu ordered that Musa Farouk Abubakar be remanded at the Kuje Correctional Centre pending the filing of a response to the prosecution’s counter-affidavit.

The court, however, granted Sandra Chizoba 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, provide passport photographs and valid means of identification, while one of them must be a civil servant not below Grade Level 15 and submit evidence of appointment and latest promotion.

Justice Egwuatu subsequently adjourned the case until September 1 and 2, 2026, for the commencement of trial.