BREAKING NEWS: $12 Million Money-Laundering: SunTrust Bank MD, Halima Buba Remanded in Prison

The Economic and Financial Crimes Commission (EFCC) on Friday arraigned Halima Buba, Chief Executive Officer of SunTrust Bank Nigeria Limited, and Innocent Mbagwu, the bank’s Executive Director and Chief Compliance Officer, before Justice Emeka Nwite of the Federal High Court, Abuja. The duo face a six‑count charge alleging money laundering to the tune of $12 million.

Both defendants pleaded “not guilty” when the charges were read to them. Lead prosecution counsel Rotimi Oyedepo, SAN, informed the court of the prosecution’s readiness to proceed and urged for an accelerated hearing. Count two of the charge states: “That you, HALIMA BUBA, Managing Director/Chief Executive Officer SunTrust Bank Ltd, and INNOCENT MBAGWU being the Executive Director /Chief Compliance Officer SunTrust Bank Ltd on the 10th day of March, 2025 in Abuja within the jurisdiction of the..Read The Full Article/Content Here.