ABUJA– Trial Justice Idris Kutigi of a High Court of the Federal Capital Territory sitting at Jabi, on Wednesday, slammed the Economic and Financial Crimes Commission, EFCC, over its tardy prosecution of defendants involved in alleged $1.1 billion Malabu Oil fraud.
The defendants, who were initially docked before the court on January 23, 2020, pleaded not guilty to an amended charge that was read to them before Justice Kutigi. Uket said he needed assurance that the trial was going to hold before inviting the witness from Canada so as to save cost. In his Evidence-in-Chief, Ahmed, said his team was assigned to investigate the Malabu case, following a petition he said was sent to the EFCC by A.A Umar & Co, a law firm, on behalf of Mohammed Sani and Pecos Energy Ltd.
He said findings by the agency revealed that names of the Directors and Shareholders of Malabu, were changed several times.