Alleged N714.6m Fraud: Zenith Bank Staff Tells Court How Ex-minister's Bank Account Was Used To Distribute Funds

He said that on January 19, 2015, N359m was transferred to the minister’s account, adding that before the transfer, the balance in the account was N2, 614.38

Awitness and compliance officer with Zenith Bank, Remigius Ugwu, has told a court how the bank account of former Minister of Special Duties and Inter-governmental Affairs, Kabiru Tanimu Turaki (SAN), was used to distribute looted funds.

Ugwu spoke before Justice Inyang Ekwo of the Federal High Court, Abuja, as the second prosecution witness in the trial of Turaki alongside his personal assistant, Sampson Okpetu, and two companies: Samtee Essentials Limited and Pasco Investment Limited on Wednesday.



Led in evidence by prosecution counsel, Farouk Abdallah, the bank staff revealed how funds were moved from Turaki’s Zenith Bank account to different bank accounts from January 19, 2015.

He said that on January 19, 2015, N359m was transferred to the minister’s account, adding that before the transfer, the balance in the account was N2, 614.38

The EFCC is prosecuting Turaki on 16-count charge bordering on misappropriation of fund to the tune of N714m.

https://saharareporters.com/2020/09/23/alleged-n7146m-fraud-zenith-bank-staff-tells-court-how-ex-ministers-bank-account%C2%A0was-used

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