Alleged N714.6m Fraud: Witness Reveals Trails of Fund Transfers in Turaki’s Bank Account

Kabiru Tanimu Turaki

The trial of former Minister of Special Duties and Inter-governmental Affairs, Kabiru Tanimu Turaki, SAN, alongside his personal assistant, Sampson Okpetu, and two companies: Samtee Essentials Limited and Pasco Investment Limited continued on Wednesday, September 23, 2020, before Justice Inyang Ekwo of the Federal High Court, Abuja, with the presentation of the second prosecution witness (PW2), Remigius Ugwu, a compliance officer with Zenith Bank.

Led in evidence by prosecution counsel, Farouk Abdallah, the PW2, revealed how funds were moved from Turaki’s Zenith Bank account to different bank accounts.

According to him, on January 19, 2015, N359, 104,000.00, (Three Hundred and Fifty-nine Million, One Hundred and Four Thousand) was transferred to the minister’s account, revealing that before the transfer, the balance in the account was N2, 614.38 (Two Thousand, Six Hundred and Fourteen Naira, Thirty-eight Kobo).

He further disclosed that on January 22, 2015, there was another transfer of N45million from one Abdullahi Bagudu’s account. Fifty Million Naira (N50million), he said, also moved from the account to that of Titus Okunriboye on January 27, 2015, while SAMTEE Essentials Limited got N20million.