SunTrust Bank MD's Trial Witness Contradicts Testimony in $12 Million Fraud Case
In the ongoing trial of Halima Buba, Managing Director of SunTrust Bank Limited, and her co-defendant Innocent Mbagwu, a key prosecution witness, Hassan Dantani, contradicted his earlier statements. Dantani, who is the Managing Director of Ashrab Corporate Forex and BDC Ltd, had previously testified that his Bureau de Change (BDC) license was revoked by the Central Bank of Nigeria (CBN) in 2024. However, during cross-examination, he admitted that this information was not included in his statement to the Economic and Financial Crimes Commission (EFCC), which was presented as Exhibit D1 in court. The trial revolves around allegations of money laundering involving $12 million, with Buba and Mbagwu accused of facilitating high-value cash transactions without proper financial institution routing, contrary to the Money Laundering (Prevention and Prohibition) Act, 2022. 
