How I received ₦416m in 8 months from Anambra gov’t – BDC operator testifies
In the ongoing money laundering trial of former Anambra State Governor Willie Obiano, Bureau De Change (BDC) operator Ayuba Tanko testified on Wednesday before Justice Inyang Ekwo of the Federal High Court in Abuja.
Tanko, who is the fifth prosecution witness (PW-5), detailed how between April and December 2017, a total sum of ₦416 million was deposited into an account he used by proxy for a company.
Testifying under the lead of Economic and Financial Crimes Commission (EFCC) counsel, Slyvanus Tahir, SAN, Tanko stated that the ₦416 million was received in tranches and converted into a dollar equivalent of $1.137 million.
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As a forex trader, he explained that he deals in USD, Euros, and Pounds Sterling and that he uses two companies—Sauki Bureau De Change and Zigaziga Trading and Company Ltd—for his business dealings.
Tanko further clarified that besides the ₦416 million transaction in 2017, he had no other dealings with the Anambra state government under Obiano’s administration.
When questioned by Obiano’s lawyer, Onyechi Ikpeazu, SAN, Tanko confirmed that he did not have any direct dealings with the former governor.
The prosecution also presented testimonies from three bankers, who supported the allegations in the money laundering charge.
After the witnesses were cross-examined, Justice Ekwo adjourned the trial until February 24, 2025, and February 26, 2025, for the continuation of the proceedings.
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