bloomshorts Witness Testifies in High-Profile Fraud Case
Suleiman Ciroma, the first prosecution witness in the ongoing trial of Halima Buba, Managing Director of Sun Trust Bank, and her co-defendant, Innocent Mbagwu, has confirmed to the Federal High Court in Abuja that his company, Funnacle BDC Ltd, was duly registered with the Corporate Affairs Commission (CAC). This testimony comes as part of a case involving alleged money laundering offences amounting to $12 million.
Details of the Testimony
Under cross-examination, Ciroma admitted to being a Bureau De Change (BDC) operator as of 2021 and clarified that neither Buba nor Mbagwu were directors in his company. He also revealed details about financial transactions involving Aisha Achimugu, including the swapping of $1.8 million into naira, which were conducted in tranches.
Legal Arguments and Adjournment
The court session was marked by legal arguments over the admissibility of certain documents, with the defense and prosecution presenting contrasting views. Justice Emeka Nwite has adjourned the case until October 13 for ruling and continuation of the trial, leaving many awaiting the next developments in this high-stakes legal battle.
