EFCC Arraigns Oil Magnate Musa Abubakar Over N691M Fraud

Musa Farouk Abubakar, the Managing Director of Abu Haneefa Oil and Gas Limited, along with Sandra Chizoba Attoh, was arraigned by the Economic and Financial Crimes Commission (EFCC) over an alleged N691.7 million fraud and money laundering case. The arraignment occurred on June 3, 2026, before Justice Obiora Egwuatu at the Federal High Court in Abuja.

The EFCC filed 15 counts against them, alleging that Abubakar transferred N297 million from the company's account to Attoh's account in July 2025, which was claimed to be proceeds of unlawful activities. Additionally, Attoh is accused of transferring N262.8 million to Mshell Home Limited for property purchases in Abuja.

Both defendants pleaded not guilty to the charges. The prosecution, led by counsel Rita Ogar, requested a trial date, while Abubakar was remanded at Kuje Prison pending further proceedings.

Attoh was granted bail of N200 million with two sureties. The case is adjourned until September 1-2, 2026.