A prosecution witness on Tuesday revealed details of several high-value financial transactions linked to Alkausar Farm, one of the entities allegedly connected to the ongoing N8.7 billion money laundering trial involving former Attorney General of the Federation and Minister of Justice, Abubakar Malami, SAN.
According to an official signed statement by the Head, Media and Publicity of the Economic and Financial Crimes Commission (EFCC), Dele Oyewale, the witness, Munawwarah Salisu Anas, a Compliance Officer with Jaiz Bank Plc, testified as the fifth prosecution witness (PW5) before Justice Joyce Abdulmalik of the Federal High Court, Maitama, Abuja.
The EFCC is prosecuting Malami, his wife, Hajia Bashir Asabe, and his son, Abubakar Abdulaziz Malami, on a 16-count charge bordering on conspiracy, procuring, disguising, concealing and laundering proceeds of unlawful activities amounting to N8,713,923,759.49.
At the resumed hearing, prosecution counsel, J.S. Okutepa, SAN, informed the court that the matter was scheduled for continuation of trial and subsequently called Anas to testify.
Led in evidence by the prosecution counsel, the witness explained that her duties as a compliance officer include liaising with law enforcement agencies, including the EFCC. She confirmed receiving a correspondence from the Commission requesting account-related documents and identified a response letter from Jaiz Bank dated February 4, 2026, addressed to the Executive Chairman of the EFCC.
The prosecution tendered the bank’s response and accompanying documents in evidence. Although defence counsel, Adedayo Adedeji, SAN, reserved his objection until the final written address, Justice Abdulmalik admitted the documents and marked them as Exhibit E Series.
Explaining the contents of the exhibit, Anas stated that it comprised the forwarding letter, certificate of identification, account opening documents and the statement of account belonging to Alkausar Farm.
While reviewing the account statement before the court, the witness identified a series of financial transactions. She testified that on June 13, 2018, the account received a cash deposit of N1 million from Hassan Aliyu, while another cash deposit of N2.25 million from Aliyu Mohammed was recorded on June 20, 2018.
According to her testimony, the account also received multiple inflows from Kalamu Wahid Global Concept on December 7, 2018, including four separate transfers of N10 million each and an additional transfer of N8 million on the same day.
She further disclosed that on December 18, 2018, the account recorded a debit transfer of N45.5 million to Donaliv Global Nigeria Limited.
The witness also told the court that Alkausar Farm received N26.25 million from Al-Afiya Energy Limited on July 13, 2020, and another N26.25 million from the same company on July 22, 2020.
Continuing her testimony, Anas revealed that the account recorded a transfer debit of N50 million to Sahad Stores Limited and another transfer debit of N1 million to Alfagai Jewelry Nigeria Limited on July 24, 2020.
She further stated that on August 12, 2020, the account received a transfer credit of N2.03 million and that a cheque withdrawal of the same amount was made on the same day by one Aliyu Mohammed Hassan.
During cross-examination, the witness confirmed that she did not appear before the court pursuant to a subpoena. Responding to questions regarding the transactions, she stated that the bank monitored account activities and reported suspicious transactions to the Nigerian Financial Intelligence Unit (NFIU).
Following the conclusion of cross-examination and the absence of any re-examination, the witness was discharged.
Justice Joyce Abdulmalik subsequently adjourned the matter until July 17, 2026, for continuation of trial.
