The federal government filed four counts against Abdulmalik Abubakar, a relationship manager at Access Bank’s Sokoto branch, and the bank itself after an investigation by the Independent Corrupt Practices and Other Related Offences Commission (ICPC).
According to court documents filed in the Sokoto Judicial Division, the defendants allegedly created a fake “Internal Revenue Service Account” with the number 1873016763. Through this account, they reportedly received N825.9 million between May 2024 and January 2025, violating both Nigeria’s Money Laundering Act of 2022 and the Corrupt Practices Act of 2000.
The charges include conspiracy, money laundering, and concealment of stolen funds. Prosecutors claim the money was diverted without authorisation and hidden in breach of anti-corruption and money laundering laws.