Anti-corruption and elections / EFCC

N9m Money Laundering: Another Witness Testifies against Masari

The Economic and Financial Crimes Commission, EFCC, on Tuesday, September 24, 2019 presented the second witness in the ongoing trial of the former boss of the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), Umar Bature Masari before Justice O.E Abang of the Federal High Court, Abuja. Masari is facing prosecution on 17-count charges, bothering on money laundering to the tune of N9million (Nine Million Naira) from the EFCC; an offence that is contrary to Section 15(2)(b) of the Money Laundering Prohibition Act 2011, as amended by Act No.1 of 2012. The defendant was arraigned…