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Money laundering

Jul 16, 2025

FRN vs Sa'adatu Ramalan Yaro (Director of Tsami Babi Resources Limited) & 1 other

Humans

Sa'adatu Ramalan Yaro
& 1 other

Money bag

N140,000,000,000.00
Amount allegedly laundered

Money bag

Case Summary
The accused alongside Tsami Babi Resources Limited, being a Director of the said company, a Designated Non-Financial Institution, allegedly failed to submit to the Ministry of Commerce, a declaration of activities of the said company within which period the said sum was deposited into the Company’s bank account.

Calendar

0
Year(s) case tried in court

Gavel

Case Update
The presiding judge granted the defendants bail in the sum of N100,000,000.00 (One Hundred Million Naira) with two sureties in like sum. One of the sureties must be a public servant and the other a relation. The defendant is to further deposit her international passport with the court. The judge adjourned the matter for the commencement of trial.

Court house

Hon. Justice Obiora Atuegwu Egwuatu
Federal High Court, Maitama, Abuja

Legislation

ACJA/ACJL Compliance - not applicable

Case Information
Sa'adatu Ramalan Yaro & 1 other
Presiding Judge & Designated Court
Hon. Justice Obiora Atuegwu Egwuatu, Federal High Court, Maitama, Abuja
Nature and Number of Charges
25-count charge bordering on money laundering.
Date of 1st Arraignment
May 22, 2023
Summary of Case
The accused alongside Tsami Babi Resources Limited, being a Director of the said company, a Designated Non-Financial Institution, allegedly failed to submit to the Ministry of Commerce, a declaration of activities of the said company within which period the said sum was deposited into the Company’s bank account.
Defendant(s) and Plea entered on Arraignment
1. Sa'adatu Ramalan Yaro (Director of Tsami Babi Resources Limited) – Not guilty
2. Tsami Babi Resources Limited (Company) – Not guilty
Defence Counsel(s)
1. J. B. Daudu, SAN (Lawyer)
Prosecuting Agency
Economic and Financial Crimes Commission
Prosecutor(s)
1. Faruk Abdallah (Lawyer)
Status of Case
On Trial
Stage of Trial
Prosecution Stage
Length of Trial
0 year(s)
Case Update
The presiding judge granted the defendants bail in the sum of N100,000,000.00 (One Hundred Million Naira) with two sureties in like sum. One of the sureties must be a public servant and the other a relation. The defendant is to further deposit her international passport with the court. The judge adjourned the matter for the commencement of trial.
ACJA/ACJL Compliance
Not Applicable