N9m: Fresh trouble for Bature Masari as EFCC presents more facts in court
In continuation of the trial between the Economic and Financial Crimes Commission, EFCC, and former boss of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Umar Bature Masari before Justice O.E Abang of the Federal High Court, Abuja, the former presented their second witness on Tuesday.
Recall that Mr. Masari is facing prosecution on 17-count charges, bothering on money laundering to the tune of N9 million from the EFCC; an offence that is contrary to Section 15(2)(b) of the Money Laundering Prohibition Act 2011, as amended by Act No.1 of 2012.
The defendant was first arraigned on April 10, 2019.
At the resumed hearing on the matter today, prosecution counsel, E.E Iheanacho reminded the court to proceed with the trial and that prosecution Witness Two (PW2), a Diamond Bank teller, Tosin Olaniniyi, was in court for testimony.
In his testimony, the witness told the court that Bature Umar was the operator of the account used in the alleged illicit money transfers.
“On November 27, 2014 I noticed a transaction involving the alleged N9 million in favour of one Benjamin Aboho, yet another N9 million transfer was carried out in favour of one Herman Hembe.
“On November 28, 2014, there was another transfer of N9 million in favour of one Udende Emmanuel, and another transfer in favor of one Honourable Okar Jeff, he told the court.
He revealed that there was also another transaction that involved withdrawal of N4.5 million, via cheque by Bature Umar, himself.
The PW2 also told the court that there was an inflow (deposit) of N4 million on October 31, 2014, from one Frank Boye Nigeria Limited and an outflow (transfer) of N1 million on November 5, 2014 in favour of Abiodun Akambi.