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Achimugu sought $12m cash swap through SunTrust Bank to buy oil block, EFCC witness tells court

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Suleiman Ciroma, a witness for the Economic and Financial Crimes Commission (EFCC), has told the federal high court in Abuja how $12 million was exchanged in cash transactions at SunTrust Bank within 10 days.

Ciroma gave the narration on Thursday while being led in evidence by Ekele Iheanacho, counsel to EFCC, in the ongoing trial involving Halima Buba, the managing director and chief executive officer (CEO) of SunTrust Bank, and Innocent Mbagwu, the bank’s executive director and chief compliance officer.

 

Ciroma, a businessman and former bureau de change (BDC) operator, confirmed knowing Buba and identified her in court but noted that he had never met Mbagwu in person—only spoken to him by phone.

 

He submitted a bundle of documents as evidence, detailing how the $12 million was paid out at different branches of SunTrust Bank in Abuja and Lagos between March 10 and March 20.

 

He said the transaction began when Aisha Achimugu, a businesswoman, contacted him about conducting a forex exchange through the bank.

 

Ciroma said he called Buba, who confirmed she was aware of the arrangement.

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On the same day, the witness said a man named Iliya contacted him from the bank’s Abuja branch and said $1 million in cash was ready for collection.

 

Ciroma said he sent an associate, Tijjani Adamu, to collect the money on behalf of Ashrap Ltd, a company owned by his friend, Hassan Dantani.

 

He added that on the same day, one Abdulkadir Mohammed picked up another $1 million, while a man identified as Kabiru collected $2 million—also in cash.

 

Ciroma told the court that the $12 million was converted and credited in tranches to Oceangate Energy Oil & Gas, a company he said is owned by Achimugu, through its Zenith Bank account.

 

According to him, he made a profit of N15 million from the entire transaction.

 

When asked about the purpose of the transaction, Ciroma said Achimugu told him she needed the funds to purchase an oil block.

 

He further testified that Buba coordinated the Abuja transactions while Mbagwu handled those in Lagos.

 

The EFCC lawyer also tendered WhatsApp chats between Ciroma and Buba, along with a certificate of identification.

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Although Johnson Usman and M.S. Ibrahim, defence lawyers, objected to the admissibility of the documents, they deferred their arguments to the final written address.

 

Emeka Nwite, the presiding judge, admitted the evidence and marked it as exhibit P1, then adjourned the trial to July 18 for continuation.

 

The EFCC is prosecuting Buba and Mbagwu on a six-count charge bordering on money laundering to the tune of $12 million.

The anti-graft agency alleged that Buba and Mbagwu facilitated the illegal cash movement of millions of dollars on different occasions without routing the transactions through any financial institution, in violation of Nigeria’s anti-money laundering laws.

The bank executives pleaded not guilty and met their bail conditions.

 

THE GENESIS

Insiders told TheCable that the EFCC, in April 2025, directed SunTrust Bank to transfer over N11 billion belonging to one of its customers, Felak Concept Group Ltd.—linked to Aisha Achimugu—to its recovery account domiciled with the Central Bank of Nigeria (CBN).

 

One of the insiders in the know of the proceedings said the executives requested a valid court order to authorise the transfer, citing fiduciary responsibilities.

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The EFCC was said to have failed to produce any court order; instead, it allegedly disrupted the bank’s operations nationwide and detained Buba.

According to repors, following the EFFC’s action, the bank executives filed a fundamental rights enforcement suit, asserting that the commission’s actions violated their constitutional rights and those of the financial institution’s staff.

 

The bank eventually transferred the N11 billion under “coercion and threat” before Buba was released from detention.

 

Achimugu had filed a fundamental rights suit (FHC/CS/ABJ/626/2025) against the EFCC, alleging harassment and intimidation over what “she claims were legitimate business transactions.”

 

The bank executives also initiated a separate suit (FHC/ABJ/CS/802/2025), seeking judicial protection from “threats, attempted arrests, and coercion” by the commission.

⁠Felak Concept Group also brought a suit (FHC/CS/856/2025) against the EFCC, SunTrust Bank, and the CBN, disputing the legality of debiting its account without a valid court order and requesting a refund.

Although the bank executives have withdrawn their rights enforcement suit, the Felak and Achimugu cases remain active, with hearings scheduled for July 17 and July 25, respectively.

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FG explains repatriation deal, says only Nigerians without valid documents to live in UK affected

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The Federal Government has explained that the agreement it signed with the UK government only relates to Nigerians who do not have legal status to live and remain in the UK.

It explained that the Nigerian government was not taking foreigners, as the UK was not compelling Nigeria to take those who are not our citizens.

“For clarity, it is important to state that the agreement signed by the Minister of Interior, Olubunmi Tunji-Ojo, during the state visit of President Bola Tinubu on behalf of the government of Nigeria, and Home Secretary, Shabana Mahmood, on behalf of the UK government, only relates to Nigerians who do not have legal status to live and remain in the UK.

“Nigerian government is not taking back non-Nigerians. The UK government is not compelling Nigeria to take those who are not our citizens. This clarification becomes necessary because of those who have already revved up their misinformation machinery,” a statement signed by a presidential aide, Temitope Ajayi, partly read.

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It further noted that the agreement guarantees that returnees who are citizens of Nigeria would be treated with dignity, rights retention under domestic law, and may re-enter in the future if they meet the applicable immigration requirements.

Quoting a social media post by the Ministry of Interior, the statement added, “It also provides detailed arrangements for the dignified return and reintegration of NIGERIANS who do not have the legal right to remain in the UK.

“This arrangement includes: the use of secured travel documentation, case-by-case identity verification, and safeguards for vulnerable individuals and potential victims of trafficking.

“This framework also sets out clear definitions, scope, and areas of cooperation, including information sharing, capacity building, training, and joint research on migration management and border security.”

Under the agreement, the UK will, for the first time, be able to return affected individuals using “UK letters,” an alternative identification document issued to those without valid passports, after the Nigerian government agreed to recognise them, according to the Home Office.

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“Visa overstayers, foreign criminals and failed asylum seekers will be removed from British soil far more easily under a new agreement struck this week during the state visit of Nigeria’s President, Bola Tinubu.

“UK letters, an alternative identification document issued to individuals without a valid passport and used to support the return of people with no right to remain in the UK, will be recognised by the Nigerian government for the first time.

“The agreement, reached between the Home Secretary, Shabana Mahmood, and Nigeria’s Minister of Interior, Dr Olubunmi Tunji-Ojo, removes one of the major administrative hurdles to returning people, meaning the UK will no longer have to wait for emergency travel documents to be issued by Nigeria,” the statement by the UK Home Office read partly.

UK Minister for Border Security and Asylum, Alex Norris, said the agreement reinforced efforts to tackle illegal migration.

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‘Individuals took advantage to act irresponsibly’ — Community leaders deny rape claims, blame youths for exploiting festival to harass women

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Leaders of Ozoro community in Delta state has reacted to allegations of rape and harassment of young women during the community’s Alue-Do festival.

On Thursday, there was widespread anger on social media after multiple videos circulated on X showing men tearing the clothes of young women during the festival.

In one of the viral videos, young men were seen groping women in a manner widely described as animalistic and despicable.

In the clip, a young woman could be seen crying and clutching her torn clothing as some men violently harassed her.

In its reaction to the shocking incidents, the state government described them as “barbaric, heinous and unacceptable”.

The government said no individual or group should be allowed to hide under the guise of a festival to perpetrate criminal acts.

As outrage grew, the state police arrested Omorede Sunday, a community leader, and four other suspects over allegations of rape and assault.

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However, a statement on Friday, co-signed by Berkley Asiafa, president-general, and Obaro Egware, secretary-general, said the viral videos portrayed the festival in a bad light.

“Ozoro Kingdom is made up of five traditional communities, each with its distinct customs, traditions, and festivals,” the statement reads.

“On the said date, Uruamudhu Community celebrated one of its ancient festivals known as the Alue-Do Festival.”

The community leaders described Alue-Do as a “festival of fertility, widely believed to be a cultural practice that brings blessings of children to individuals or couples experiencing difficulty in childbirth”.

“As part of this long-standing tradition, certain symbolic practices are observed, including the act of playfully dragging and pouring sand on married individuals who are yet to have children, as a cultural expression believed to invoke fertility,” the statement added.

The leaders, however, said “some youths misinterpreted and misapplied the cultural practice in a negative and unacceptable manner, leading to the harassment of some young women”.

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The community leaders, however, maintained that, contrary to widespread reports, there was no rape at the festival, but two young women were harassed.

“We wish to clearly state that reports circulating on social media alleging that rape and widespread atrocities occurred during the festival are false and misleading,” the statement reads.

“No incidents of rape were recorded. The situation involved the harassment of two young women by individuals who took advantage of the occasion to act irresponsibly.”

The statement added that the community leadership contacted security agencies, who brought the situation under control and have commenced investigations.

“The leadership of Ozoro Kingdom strongly condemns any form of harassment or misconduct. Such behaviour is not part of our culture and traditions and will not be tolerated,” the statement reads.

“Appropriate steps are being taken to address the actions of those involved and to ensure that future celebrations are conducted in a peaceful, respectful and orderly manner.”

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The community leaders urged the public to disregard false reports and refrain from spreading misinformation that may tarnish the image of its cultural heritage.

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Delta community head, four suspects arrested over alleged sexual assault during festival

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The Delta state police command has arrested one Omorede Sunday, a community head, and four other suspects over reported cases of rape and assault of young women during a festival in Oruamudhu community in Ozoro, Isoko north LGA of the state.

On Thursday, viral videos of men ripping apart the clothes of young women, while groping them, appeared on social media.

One of the clips showed a young lady crying and clutching her torn clothing as some young men violently groped her.

According to tradition, women  in the community were expected not to venture outdoors from 12pm to the next day during the festival.

Some social media users also claimed that it was the youths in the community who turned the festival into a “rape event” because women were prohibited from participating in the festival.

Meanwhile, videos of the incident have sparked outrage on social media, with many Nigerians calling on security agencies to arrest the perpetrators and protect the women.

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In a short statement released on Friday, Bright Edafe, Delta police spokesperson, said Sunday, the community head, is the “chief organiser” of the festival.

Edafe disclosed that the Delta police commissioner had ordered the transfer of the suspects to state criminal investigation department (CID).

“The community head and chief organiser of the event, one chief Omorede Sunday and four other suspects from Oramudu quarters in Ozoro have been arrested,” Edafe said.

“The CP has ordered that they should be transferred to State CID with immediate effect. The CP vows that anyone involved will be arrested and brought to justice.”

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