Court acquits Aliyu Abubakar, Malabu Oil in $1bn fraud case

The Punch | 15-10-2026 08:09pm |

A Federal High Court in Abuja has discharged and acquitted businessman Aliyu Abubakar and Malabu Oil in a $1 billion money laundering case linked to OPL 245. The court cleared the defendants of all charges. The case was related to alleged fraudulent activities surrounding the oil block.

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