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EFCC Files Additional Evidence To Nail Malabu Oil

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The Economic and Financial Crimes Commission (EFCC) has filed additional evidence against Malabu Oil & Gas for an alleged $876m fraud.

This evidence was tendered before Justice I. E. Ekwo of the Federal High Court, Abuja.

Malabu Oil & Gas is being accused of alleged money laundering to the tune of $USD 875,740,000.

The EFCC re-arraigned Malabu Oil & Gas, Aliyu Abubakar and six others on September 8.

On Tuesday, Bala Sanga, the prosecution counsel, mentioned the presence of Prosecution Witness One (PW1), Temitope Erinlomo, in court.

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The prosecution had concluded its evidence-in-chief with the PW1 on September 10.

Sanga noted that the filing of additional proof of evidence against the first defendant, Malabu Oil & Gas Limited, was to assist the court to reach its conclusions.

However, the defence counsel declined the witness’s cross-examination on account of the prosecution’s new proof of evidence.

The defence noted that his team was served at short notice. Further arguing that they needed not less than 24 hours to go through the application.

The defence submitted that it was beyond the prosecution to determine whether the additional proof of evidence will be helpful in the matter or not.

Justice Ekwo adjourned the matter until November 28, 2020.

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