The Lagos Zonal Command of the Economic and Financial Crimes Commission, EFCC, on Monday, December 5, 2022, arraigned a former employee of Union Bank PLC, Abdulmalik Salau.
Salau was arraigned alongside Ismaila Yousuf Atumeyi and Ngene Joshua Dominic before Justice Tjinani G. Ringim of the Federal High Court sitting in Ikoyi, Lagos on an 18-count charge bordering on an alleged cybercrime and money laundering to the tune of N1, 403, 343, 400.00(One Billion, Four Hundred and Three Million, Three Hundred and Forty-three Thousand, Four Hundred Naira).
One of the counts reads: “That you, Abdulmalik Salau, between August and October, within the jurisdiction of this Honourable Court, without lawful authority, directly caused modification of data held in the network of Union Bank Plc leading to the fraudulent transfer of the total sum of N1, 403, 343, 400.00( One Billion, Four Hundred and Three Million, Three Hundred and Forty-three Thousand, Four Hundred Naira, ) to the account of FAV Oil and Gas Limited and you thereby committed an offence contrary to and punishable under Section 16(1) of Cybercrimes( Prohibition, Prevention, etc.) Act, 2015.”
Another count reads: “That you, Ismaila Yousuf Atumeyi, Ngene Joshua Dominic and Abdulmalik Salau, between August and October, within the jurisdiction of this Honourable Court, conspired among yourselves to directly conceal the sum of N1, 403, 343, 400.00( One Billion, Four Hundred and Three Million, Three Hundred and Forty-three Thousand, Four Hundred Naira, ) in the account of FAV Oil and Gas Limited, which sum you reasonably ought to have known forms part of the proceeds of your unlawful activity and you thereby committed an offence contrary to Section 18( a) , 15 (2) of the Money Laundering Prohibition Act, 2011, as amended and punishable under Section 15(3) of the same Act.”
The defendants all pleaded “not guilty” to the charges preferred against them.
In view of their pleas, the prosecution counsel, Rotimi Oyedepo, SAN, submitted that “By virtue of the Section 273 of the Administration of Criminal Justice Act, ACJA, the defendants, having pleaded “not guilty” to all the allegations contained in the charge, are deemed to have put themselves up for trial.
“Therefore, we will, with all humility, ask your Lordship for the acceleration of this trial.
“My Lord, the Section 300 of the ACJA also expects the prosecution to give a very brief summary of the case it has against the defendants.
“We have listed six witnesses through whom the prosecution will explain to the court how the defendants agreed among themselves to hack into the database of Union Bank Plc, transferred funds belonging to the Bank and its customers and used the proceeds of this unlawful activity to acquire properties for themselves.
“My Lord, the prosecution will also show to the court how the third defendant, being a former staff of Union Bank Plc, and working with the others, succeeded in hacking into the database of the Bank.
“The defendants, in different installments, moved the sum of over N1.4bn into the accounts of FAV Oil and Gas Limited and Atus Homes Limited.
“The exhibits that the prosecution will tender include the documentary exhibit that shows that the sum of $480,000 was found in the possession of the third defendant, and that the sum of N326, 400 million cash was found in a black Escalade car in the possession of first and second defendants.