Aliyu Abubakar Archives

Court acquits Aliyu Abubakar, Malabu Oil of money laundering charges amounting to $1 billion

The Federal High Court in Abuja has acquitted businessman Aliyu Abubakar, Malabu Oil and Gas Limited and six other defendants in a money laundering case arising from transactions involving the controversial Oil Prospecting License 245 (OPL 245). Justice Inyang Ekwo, who delivered the judgment on Thursday, stated that the Economic and Financial Crimes Commission (EFCC) failed to prove the charges …