The Economic and Financial Crimes Commission (EFCC) has arraigned the managing director of Abu-Haneefa Oil and Gas Ltd, Musa Farouk Abubakar, and a woman, Sandra Chizoba Attoh, over allegations of fraud, corruption and money laundering involving N691.7 million. The company was also joined in the case before the Federal High Court in Abuja.
The defendants were docked before Justice Obiora Egwuatu on an amended 15-count charge bordering on conspiracy, corruption and money laundering. According to the EFCC, the case involves transactions linked to proceeds of unlawful activities amounting to N691,677,310.
Court filings reported by the media allege that Abubakar, through Abu-Haneefa Oil and Gas Ltd’s Zenith Bank account, transferred N297 million to an Access Bank account belonging to Attoh on July 21, 2025. The prosecution said the funds were reasonably believed to be proceeds of corruption.
The EFCC’s case, as reported, is that the transactions were part of a wider pattern of unlawful financial activity connected to the alleged diversion and concealment of criminal proceeds. The anti-graft agency has not publicly disclosed the full details of every count in the amended charge in the reports reviewed, but the allegations cover conspiracy, fraud, corruption and money laundering.
The matter was filed at the Federal High Court, Maitama, Abuja, where the defendants were brought before the court to answer the allegations. The reports indicate that the case has been fixed for further proceedings, with trial dates listed for September 1 and 2, 2026.
The EFCC has in recent years pursued several high-profile corruption and financial crime cases involving alleged diversion of funds and laundering of illicit proceeds. The latest case adds to the agency’s continuing enforcement actions in the oil and gas sector, an area often scrutinized in financial crime investigations because of the size and complexity of transactions.
Abubakar, Attoh and Abu-Haneefa Oil and Gas Ltd are expected to defend the charges in court as the proceedings continue. As with all criminal cases, the allegations remain unproven until the court reaches a verdict.