The Economic and Financial Crimes Commission (EFCC) on Friday, June 13, 2025, arraigned two senior executives of SunTrust Bank—Halima Buba, Managing Director and Chief Executive Officer, and Innocent Mbagwu, Executive Director and Chief Compliance Officer—on charges of money laundering totaling $12 million. The arraignment took place before Justice Emeka Nwite of the Federal High Court in Abuja. The defendants face a six-count charge bordering on illegal cash transactions and conspiracy, in violation of the Money Laundering (Prevention and Prohibition) Act, 2022. According to the EFCC, Buba and Mbagwu allegedly facilitated…
Read MoreEFCC Arraigns Sun Trust Bank MD, ED For Alleged $12m Fraud
